Being self-employed has its challenges both in the office and when trying to get a mortgage. Even if you are making a decent living for yourself, your lack of a consistent salary could make it a little more difficult to secure a mortgage.Compare Offers from Several Mortgage Lenders.This Read more
How Bank Statement Loans Work for the Self-Employed
Today more and more borrowers are self-employed. Whether it’s due to the downsizing of many companies or just the desire to be their own boss, these borrowers put themselves in charge. Where it may hurt them, though, is with a loan application. Many lenders have stricter requirements for people that Read more
Experian Launches Mortgage’s Digitized Verification
Not much has changed when we speak of the mortgage industry’s underwriting and loan approval process. Sad to say, it has not gone past its “stone age” era.In tune with today’s advancements in information technology, Experian with its partner, Finicity, aims to take the mortgage process into a Read more
Are You Mortgage-Ready This 2017? 5 Ways to Increase Your Loan Approval Chances
Mortgage rates are always in a state of flux. Lenders and their mortgage guidelines vary. And if you’re buying a home this 2017, being mortgage-ready is the deal. Primp up your borrower profile to increase your chances of getting your mortgage application approved.Is today a good day for a Read more
Self-Employment Income Guidelines for Fannie Mae Loans
A large portion of home loan seekers are self-employed, making the ability to get a mortgage slightly more difficult. As the economy turned and people started losing their jobs and becoming unable to find new jobs, self-employment was the only option.Combining the change of employment status Read more
