Self Employed Mortgage Application Earnings

Despite the fact that self employed individuals make up a huge part of the work force, lenders have never been able to get their applications set up for them. One aggravating area you will run into is the request that you provide your monthly salary. Most self-employed individuals have salaries that vary from month to month, so what do you do? The best solution is to provide your average monthly salary by taking the total salary for the year and dividing by 12.