DTI for Stated Income Loans
We understand that the application process for a stated income loan can be complicated at first, especially if you’re more familiar with the conventional loan application process. If you want to learn more about the application process, we’re always...
Can I Use a Stated Income Loan for a Multi-Family Property?
There is a rise in the desirability among real estate investors searching for the perfect multi-family property in Southern California. Real estate remains one of the best investments you can make, even as interest rates and prices increase. Housing is one commodity...
What to Do When You’re Denied a Mortgage as a Self-Employed Borrower
Have you been denied your mortgage application as a self-employed person? Even when you are confident you can afford the amount you are applying to borrow, many lenders might not approve you for the loan because you don’t have the traditional tax returns or pay...
Differences Between Bank Statement and Traditional Mortgages
A bank statement mortgage, also known as a self-employed mortgage or a non-traditional mortgage, is a type of home loan designed for individuals who have non-traditional income documentation or are self-employed. Unlike traditional mortgages that rely on W-2 forms and...
Can I Get a Mortgage with Bank Statements in 2023?
Can I Get a Mortgage with Bank Statements – The typical mortgage application process does not work for everyone. Submitting proof of income and employment is easier said than done for something who is self-employed or works as an independent contractor with...
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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.