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, […]
mortgage qualification
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
How Much Cash Do I Need in the Bank to Buy a Home?
How much cash do I need in the bank to buy a home? Three things: your down payment, your closing
What Can Cause a Mortgage Pre-Approval to Be Denied?
What can cause a mortgage pre-approval to be denied? New credit accounts, a credit score drop, a job change, large
What Credit Score Do You Need for a Mortgage, Really?
What credit score do you need for a mortgage? For a conventional loan, generally 620. For FHA, as low as
What Happens After Pre-Approval?
What happens after pre-approval? Your search begins in earnest. But your file isn’t finished yet. Pre-approval gives you a strong,
The Complete Guide to Mortgage Qualification in Texas
e Mortgage qualification in Texas comes down to four factors: your credit, your income, your debt, and your cash reserves.
What Counts as Income for a Mortgage?
What counts as income for a mortgage goes well beyond a W-2 paycheck. Bonus pay, Social Security, rental income, alimony,
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
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