For some mortgage borrowers, providing a monthly income calculation is not as black and white as it is for others. Those who perform freelance work, own a business, or independently contract out their work are considered as part of the “self-employed” set of borrowers...
Home Loans for Self-Employed Without Tax Returns! What is a Bank Statement Loan for Self Employed Borrowers? Find Out if You Qualify for a No-Tax-Return Loan! Name Email Address SEND What is the Best Loan for Self-Employed People? Ideal for The Self-Employed There...
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...
Stated income home loans used to be widely available before the recession in 2008. And although we’re not back to the subprime mortgage bust, and hopefully never will be, these loans were extremely valuable and they’re making a huge comeback. In 2010, the...