Obtain a Mortgage When You are Newly Self-Employed

by mylenderjackie | Jan 27, 2020 | Stated Income Loans

Being self-employed is exciting, and adventurous as well as challenging. You can set your own hours and decide your own income. You have the satisfaction of building something that is all your own instead of building something for someone else. Obtain a Mortgage When...

Difference Between Bank Statement Loans and Stated Income

by mylenderjackie | Dec 10, 2019 | Stated Income Loans

I am very passionate about this type of home loans for the self-employed. I’ve been working with several lenders for multiple years now on bank statement loans and stated incomes but is there really a difference? I did a post that bank statement loans are the...

Stated Income Loans are Ideal for Real Estate Investors

by mylenderjackie | Dec 2, 2019 | Loan Programs, Stated Income Loans

Stated income home loans used to be widely available before the recession in 2008. And although we’re not back to the subprime mortgage bust, and hopefully never will be, these loans were extremely valuable and they’re making a huge comeback. In 2010, the...

Stated Income Loans 2019

by mylenderjackie | Nov 20, 2019 | Stated Income Loans

We are nearing the end of 2019 and before 2020 starts, you might want to consider jumping on the stated income loans 2019 bandwagon. This is a great opportunity for those that are self-employed or may not be able to prove all of their income to get a home loan. If...

FAQ for Self Employed Home Loans

by mylenderjackie | Aug 6, 2019 | Stated Income Loans

Frequently asked questions on self-employment home loans or stated income loans. Question: How good does my credit have to be? Answer: You need a minimum credit score of 600 to be eligible for a stated income self-employment home loan. Past credit issues may be okay...

What is a No Doc Mortgage?

by mylenderjackie | Jul 30, 2019 | Stated Income Loans

Before the housing crash in 2008, a popular alternative to the traditional mortgage was called the Ninja mortgage which stands for “no income, job, or asset verification. This is also referred to as a no doc mortgage. Now while this might seem a little crazy,...