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...
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 – 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...
What Do Lenders Want to See from a Self-Employed Borrower? – Are you a self-employed borrower hoping to buy a home in the new year? Qualifying for a mortgage without traditional proof of employment and income may sound scary, but when you work with a lender who...
2-1 Buydowns for Self Employed Borrowers – Have you heard about a 2-1 buydown? This mortgage solution can provide borrowers with an way to lower their mortgage interest rate temporarily, and is often ideal for self-employed borrowers. Keep reading for everything...
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...