How to Use Rental Income to Qualify for a Home Loan
Rental income sounds like it should make mortgage qualification easier. More income is more income, the logic goes, and lenders should be happy to count it. The reality is more complicated than that, and the gap between what a rental property generates and what a...
Why Traditional Mortgage Advice Failed So Many Buyers This Year
If you’re a business owner, investor, or high-income professional looking to buy real estate in Southern California, chances are you heard the same advice over and over this year: “You need stronger W-2 income,” or “Wait until your tax returns look better.” For many...
Why Is It Hard for Self-Employed to Get a Mortgage? (And the Easiest Mortgage Options for Self-Employed Borrowers in Southern California)
If you’re self-employed and have tried applying for a home loan, you’ve probably asked yourself (either in curiosity or frustration): why is it hard for self-employed borrowers to get a mortgage? Many successful entrepreneurs, freelancers, and small business owners...
How Self-Employed Buyers Can Qualify for Luxury Mortgages in Southern California
Buying a luxury home in Southern California as a self-employed individual can feel like navigating a maze. The traditional mortgage application process relies on tax returns and W-2s, documents that don’t always reflect your true income when you’re a business...
Can I Use My Profit & Loss Statement Instead of a W-2?
If you’re self-employed or run your own business, you’ve probably wondered whether your profit and loss (P&L) statement can be used in place of a W-2 when applying for a mortgage. We know that for some business owners, this is a better representation of...
Welcome to my Blog!
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.