Last month Fannie Mae and Freddie Mac both announced new standard requirements for self-employed borrowers and loan applicants. It is expected that many other lenders will adhere to these loan requirements in the near future as well. New Self-employment Mortgage...
Being self-employed is exciting, and adventurous as well as challenging. You can set your own hours and decide your own income. You have the satisfaction of building something that is all your own instead of building something for someone else. Obtain a Mortgage When...
I am very passionate about this type of home loans for the self-employed. I’ve been working with several lenders for multiple years now on bank statement loans and stated incomes but is there really a difference? I did a post that bank statement loans are the...
The stated income home loans or self-employment home loans are a great option for anyone that is self-employed but I’ve been asked a lot frequently if self-employed individuals can refinance under this type of loan. Sometimes qualifying for a mortgage can be...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.