Tag Archive for: self employment

Six Home Loan Tips For The Self-Employed

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There was a time when lenders would accept whatever income you put on your application as accurate and true. These were called “stated income” loans; for many obvious reasons, they no longer exist. There were also loan programs where the lender would accept a record of your bank deposits as documentation of income.Read More

Qualifying The Self-Employed – The Good, The Bad, & The Ugly

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Self-employed borrowers can still qualify for mortgage financing, and in some ways they actually have advantages. THE GOOD Self-employed borrowers qualify with previous years’ tax returns, which fortunately will not […]Read More

Myth: Self-employed Borrowers Need 2 Years of Income; 1 Year Often OK

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We often have borrowers with ample income but who only recently became self-employed. For example, we have a young Realtor who is doing extremely well this year but had no […]Read More