If you're self-employed, understanding how your car payment impacts your mortgage approval is key. Here's the scoop: A critical part of mortgage approval is your debt-to-income ratio, which compares your income to your liabilities. Many self-employed individuals purchase vehicles through their businesses for tax advantages but then pay for them out of their personal accounts. Here’s a pro tip: If you pay for the vehicle directly from your business account for at least 12 months, most mortgage companies can omit this liability from your debt-to-income ratio. This simple change could significantly boost your borrowability and make mortgage approval much easier. We've seen cases where a single car payment made all the difference in a loan approval. 💼🏡 Got questions or need help with this? Let’s discuss! 👇