The Self-Employed Borrower With Inconsistent Income
Two years of tax returns are the conventional lender’s primary tool for evaluating a self-employed borrower, and the tool works reasonably well when the income it measures is consistent. When it isn’t, the averaging calculation that conventional...
Who Qualifies For Stated Income Loans in Today’s Market?
Stated income loans have a reputation that trails the product by about fifteen years. The no-documentation loans that contributed to the 2008 financial crisis carried the stated income label, and the association stuck even as the product category evolved into...
When the Tax Return Says No — DSCR Says Yes
The file came in looking like a dead end. An experienced investor out of the Phoenix metro, with five existing rentals and a track record that actually meant something. The kind of borrower who knows how to run a rental portfolio and has the results to prove it. The...
How Retirees Can Qualify For Mortgages Without a Salary
Retirement changes the mortgage conversation in ways that catch retirees off guard even when they’ve planned carefully for everything else. The income that supported a household for decades looks different on paper once it comes from Social Security, pension...
The Basics of Asset Depletion Loans Explained Simply
Asset depletion loans solve a problem that a surprising number of financially strong borrowers run into without expecting it. The problem is simple to describe and genuinely frustrating to experience — significant wealth, assets that would comfortably support a...
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