Tag Archive for: self-employed lender guidelines

Borrowers Can’t W2 or Pay Themselves To Qualify

Self-employed or business-owning borrowers can of course pay themselves substantial salaries and still qualify, but their underlying businesses need to have enough profits to cover the full amount of the salaries (if we want to use the entire salary to qualify).Read More

Loans Just Got Tougher For the Self-Employed; Low Supply Keeping Prices Up

LOW SUPPLY/PENT UP DEMAND KEEPING PRICES UP Keith Robinson, Chief Strategy Officer of NextHome, pointed out in a post last week that there are about 30% fewer listings on the […]Read More