FAQ for Self Employed Home Loans

FAQ for Self Employed Home Loans

Frequently asked questions on self-employment home loans or stated income loans. Question: How good does my credit have to be? Answer: You need a minimum credit score of 600 to be eligible for a stated income self-employment home loan. Past credit issues may be okay...

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How to Go From Renting to Owning

How to Go From Renting to Owning

Making the Move from Renting to Buying Welcome to the real world. Are you ready to be homeowners? It is a big step to go from renting to owning. There are a lot more responsibilities but you are gaining equity for the future, saving money for yourself and developing a...

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What You Need to Be Ready for Your Home Loan Application

What You Need to Be Ready for Your Home Loan Application

How to Prepare for a Home Loan Application Planning for home ownership is just as important as homeownership itself. Being prepared from the beginning can put you in a better place overall not only now but in the future. Nobody wants to purchase a home only to be...

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Home Loans for Fixer Uppers – 203K Loan

Home Loans for Fixer Uppers – 203K Loan

If you are considering buying a home that needs a little bit of TLC, an FHA 203K loan might be the best option. An FHA 203K loan also sometimes referred to as a re-help loan or construction loan, allows the borrower to finance two major items in one, the house itself,...

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What Will it Cost You If You Wait to Buy?

I speak to a lot of real estate agents that have issues with buyers waiting to buy. Obviously, we know the prices consistently go up over the years even if there are drops here or there but what is really the difference if you buy now versus waiting until next year?...

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When Should We Get Pre-Approved for a Mortgage?

When Should We Get Pre-Approved for a Mortgage?

Being preapproved before looking at homes is always the correct way to do things when buying a property but when should you get preapproved, why, and what is it? Being preapproved with a lender is more than simply typing in your income in a mortgage calculator online...

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Can I Refinance if I’m Self Employed?

Can I Refinance if I’m Self Employed?

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 difficult...

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