Getting creative with financing can help them reach homeownership goals for self-employed buyers. One trending strategy is pairing a HELOC with a self-employed mortgage. But is this a smart move or a risky gamble? Hence, let’s break it down. Use a HELOC to Fund Your Down Payment You can use a HELOC to cover part […]
Pairing a HELOC with a Self-Employed Mortgage: Smart or Risky? Read More »
Finding the right home loan can be tough when you’re self-employed. Traditional loans often require full tax returns, which can hurt your approval chances. Consequently, that’s why many lenders now offer 1099-only loan solutions for self-employed borrowers—a flexible, simple way to qualify based on your actual earnings. No Tax Returns Needed Most self-employed people write
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Paying for a home is a major financial step. However, there are smart ways to ease the burden. One key strategy is to cut your mortgage costs by removing private mortgage insurance (PMI). Hence, let’s explore how doing this at 80% loan-to-value (LTV) can help save you money. Save on Monthly Payments PMI adds to
Cut Your Mortgage Costs: Remove PMI at 80% LTV Read More »
Self-employed borrowers often face tough challenges when applying for traditional home loans. Fortunately, a new option exists—P&L-only loans. These loans provide an easier way for entrepreneurs, freelancers, and business owners to qualify for financing. Hence, let’s break down how P&L-Only Loans work for self-employed borrowers and why they’re a smart solution. No Tax Returns Required
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Investing in real estate can be an exciting way to build wealth. However, many traditional loans require proof of steady income, tax returns, and employment history. That’s where DSCR loans come in. Clearly, these loans use property income, not personal income, to qualify investors. Let’s explore how they work. Qualify Using Property Cash Flow DSCR
DSCR Loans: How Investors Qualify Based on Rental Income, Not Personal Income Read More »
Your mortgage shouldn’t be a one-time decision. Instead, it should grow with your life, income, and goals. That’s why you don’t skip your annual mortgage review. In fact, taking a few minutes each year can lead to big savings, smarter planning, and better loan options. Life Changes = Loan Opportunities A raise, new job, or
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Buying a home involves many decisions, and one of them is choosing the right time to lock your mortgage rate. In fact, this may seem like a small detail, but it can have a big impact on your monthly payments and total loan cost. Hence, this article will walk you through the basics of understanding
Understanding Rate Locks: When to Lock Your Mortgage Rate and Why It Matters Read More »
Owning a home is a dream for many Americans. Fortunately, active military personnel and veterans have a strong tool at their disposal to assist them in realizing that goal. Hence, this blog explores the benefits of a VA loan and who qualifies, using simple words and clear explanations. No Down Payment Required The fact that
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Buying a new home before selling your current one can be tough. But there is a solution that works well. That is, Non-QM bridge loans make buying before selling possible by offering flexible and short-term financing. Clearly, this option helps buyers move forward without delays or lost opportunities. Skip the Sale Contingency In hot markets,
Non-QM Bridge Loans Make Buying Before Selling Possible Read More »
Many factors can affect your approval when applying for a mortgage. One of the most important is your DTI. Understanding DTI (Debt-to-Income Ratio) helps you prepare better when planning to buy a home. Hence, lenders use this number to decide if you can afford new debt. If you ignore it, your loan application might fail—even
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