Turned Down for a Conventional Mortgage? Non-QM Options for Self-Employed Borrowers
A denial on a conventional mortgage doesn’t always mean you can’t buy a home. For many self-employed borrowers, it means […]
Self-Employed and Non-QM
Personal vs. Business Bank Statement Loans: Which Works Better for Self-Employed Borrowers?
If a conventional loan didn’t work for you, a bank statement program may. But there’s a choice to make first.
Should You Stop Writing Everything Off? How Year-End Tax Decisions Affect Mortgage Qualification
Can the tax decisions that save your business money today make it harder to qualify for a mortgage tomorrow? Sometimes,
Preparing One Year Before Buying a Home: A Self-Employed Roadmap
The best time to prepare for a mortgage is a year before buying a home. For self-employed buyers, that head
How Many Years of Tax Returns Do Lenders Need If You’re Self-Employed?
The quick answer: most lenders want two years of tax returns from a self-employed borrower. That’s the standard. It’s also
Retired With Assets? How a Mortgage Using Assets as Income Works
Many retirees spend decades working, saving and investing. Then they apply for a mortgage and hear something surprising: “You don’t
What Is a Good DSCR for Investment Property Loans?
A good DSCR for investment property is typically 1.25 or higher. A ratio between 1.0 and 1.24 is still workable
How Is DSCR Calculated for a Rental Property?
How is DSCR calculated? For a residential rental property, the formula is simpler than it sounds: divide the property’s monthly
How Do Mortgage Lenders Calculate Self-Employed Income?
How lenders calculate self-employed income isn’t a mystery, but it’s rarely explained clearly, and the gap between what borrowers assume
Tax Write-Offs vs. Mortgage Qualification for Self-Employed
Every self-employed borrower eventually runs into the same contradiction: the tax strategy that saves the most money in April often
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