How P&L Loans Work for Self-Employed Borrowers

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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DSCR Loans: How Investors Qualify Based on Rental Income, Not Personal Income

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

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Non-QM Bridge Loans Make Buying Before Selling Possible

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,

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Differences between Pre-Approval and Pre-Qualification

When starting your homebuying journey, you’ll hear the terms pre-qualification and pre-approval. These sound similar but are quite different. Hence, understanding the differences between pre-approval and pre-qualification helps you feel more confident when you make an offer. Pre-qualification: Estimate based on self-reported info Pre-qualification is a quick first step in the mortgage process. You share

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How to Use Seller Credits to Fund a 2-1 Buydown and Save Big

Buying a home can feel overwhelming, especially with high mortgage rates. However, using smart strategies can save you money. One of the best ways is learning how to use seller credits to fund a 2-1 buydown. Hence, let’s explore how this method can make your home purchase much easier. Lower Your Payments Early Monthly payments

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