The Challenges of Buying a Home When You are Your Own Boss
If you are your own boss, running your own business as a self-employed individual, applying for a mortgage and buying a home can be tricky. Typical mortgage applications are designed for people with predictable income and a W-2, so when you are self-employed it can be...
Signs You’re Ready to Become a Homeowner
A common question among our future clients is when they will be ready to buy their first home and become a homeowner. With constantly changing interest rates and home prices, keeping up can be daunting. The great news is, there are a few signs that you’re ready...
Can I Use Gift Funds for a Stated Income Loan?
Are you interested in the process of getting approved for a stated income loan? These non-QM loans are particularly helpful for some of our clients who don’t have the typical income streams but are ready to invest in a primary residence, a second home, or an...
How to Determine Stated Income as a Self Employed Borrower
If you own your own business or are a wage earner through gig work or another self-employment venture, we know that applying for a mortgage can be daunting. The bad news is, many lenders won’t qualify you for a traditional loan because you won’t be able to...
How to Optimize Your DTI Before Applying for a Mortgage
As you begin your journey toward homeownership or buying a new home, one of the factors that is most crucial for your success is your DTI. Understanding and optimizing your Debt-to-Income Ratio (DTI) is a key step in securing the mortgage terms you want. Lenders use...
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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.