The Big Differences in Providing Tax Returns and Not

Ever since the housing crisis in 2009, getting approved for a loan while being self-employed was instantly more difficult than for a W2 Salaried borrower. Fortunately, lending and credit standards…

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Self-employed Home Loan Qualifying Solutions in 2018?

Many self-employed borrowers claim that qualifying for a home loan is really challenging due to their numerous tax write-offs.  When you’re self-employed you tend to deduct as many business expenses…

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Does a Refinance Mean I Skip a Mortgage Payment?

With mortgage interest rates close to all-time lows, borrowers are seeking a mortgage to buy or refinance a home if they secured their financing using a program that has rates…

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What to Expect as a First-time Homeowner

Are you thinking about making the change from being a renter to a homeowner? Perhaps you want to stop paying the mortgage of someone else, have more peace of mind,…

Borrowers Qualify for Mortgage

Higher DTI Limit Helps Borrowers Afford More Home

On July 28th, Fannie Mae and Freddie Mac are increasing the maximum debt to income ratio for to buy a single family home.  The end result is more borrowers will…

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How to Get Mortgage Financing for Condos

If you are in the market to buy a home but don’t want the hassles of maintaining the exterior and don’t mind a community setting, owning a condo is a…

The Pros and Cons of Buying 2 to 4 unit Investment Properties

Advantages: When you invest in single family homes as rental properties sprinkled around the city, the operating expenses are higher and management is more intensive than it is if you…

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How To Successfully Get A Mortgage Without Tax Returns

Self-employment is both challenging and rewarding as you have a higher ceiling to boost your earnings.  You are more in control of your success. Instead of growing somebody else’s company,…

Mortgage Broker vs. the Bank

Mortgage Broker Or Bank: Your Choice Matters

It is much more than just mortgage rates & saving a few hundred bucks on closing costs. Time could also cost you money. Mortgage brokers and banks are fundamentally distinct…

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Loans for Cash Rich Borrowers with Low Monthly Income

Recently, a new loan program came out whereby the borrower does NOT have to be employed. In fact, there is no employment or income information on the application. This is…