FAQs on Calculating Self-Employment Income for Mortgages
Frequently Asked Questions on Calculating Self-Employment Income for Mortgages by My Lender Jackie in California – home loans for self-employed Is it hard to obtain a mortgage when you are self-employed? Self-employed borrowers do face a higher level of...
Are No-Doc Loans Still Available in 2022?
Are No-Doc Loans Still Available in 2022? – If you have a less than traditional employment situation, maybe you are self-employed, maybe you do gig work, or something similar, you may still be able to get a no-document mortgage to help you purchase a home this...
10 Types of Borrowers Categorized as Self-Employed
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...
HERO Loans: They Might Seem More Promising Than They Are
HERO Loans They Might Seem More Promising Than They Are What is a HERO loan? In the simplest of terms, a HERO loan is a government-backed mortgage product offered to those homeowners that would like help covering the cost of energy-efficient improvements made to their...
Are You Having Trouble Getting Out of a Ygrene or HERO Program?
Are You Having Trouble Getting Out of a Ygrene or HERO Program? In theory, the overall objective of the HERO or Ygrene loan programs under the PACE program seems like a helpful and beneficial way to incorporate environmentally friendly green products into your home....
Second Home Financing Looks Different in 2022
Second homes can be a great way to invest and grow your wealth. On top of that, you have an amazing place to vacation whenever you want in one of your favorite places. Second-home ownership can help you to avoid being a victim of full hotels or unavailable rentals....
House Flip Financing- 4 Alternative Loans to Look For
House Flip Financing – What Options Are There? Quick climbs in home values have led to an interest in many homebuyers and investors looking at the possibility of house flipping. This is because the profit from purchasing a home, fixing it up in a short time...
California has a New Forgivable Equity Builder Loan Program
The state of California has launched a new equity builder loan program in hopes to help first-time buyers become homeowners in a highly competitive market. This program is called a forgivable equity builder loan and it allows qualified first-time buyers to borrow up...
Different Types of Rental Property Loans
Different Types of Rental Property Loans – Financing a rental property through a mortgage loan can be a good way to increase your income through real estate investment. You want to make sure that you are knowledgeable of the mortgage loans available for rental...
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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.