Great News!  If you allow someone to assume your loan, Freddie Mac will exclude that liability if you have an assumption agreement and proof that the person who assumed the mortgage has made 12 payments on time.
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Great News!  If you allow someone to assume your loan, Freddie Mac will exclude that liability if you have an assumption agreement and proof that the person who assumed the mortgage has made 12 payments on time.

ByBrandon Butler

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If you are self-employed, a lender will rely on the tax returns you filed to determine your qualifying income.  The first part of a new year is the time frame when showing income gets a little tricky because most corporations either file taxes during the first quarter or file an extension.  So, the key is working with a lender that understands what types of documentation are needed and how to avoid issues.  If you are self-employed, let’s chat, and I will be happy to answer any of your questions!
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If you are self-employed, a lender will rely on the tax returns you filed to determine your qualifying income.  The first part of a new year is the time frame when showing income gets a little tricky because most corporations either file taxes during the first quarter or file an extension.  So, the key is working with a lender that understands what types of documentation are needed and how to avoid issues.  If you are self-employed, let’s chat, and I will be happy to answer any of your questions!

ByBrandon Butler

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Did you know that you can purchase a multi-unit property, live in one unit, and then rent the other units to cover your mortgage payment?  It’s a great way for some people to get started with owning their own home and testing the waters for becoming a landlord. Qualifying for these types of homes may be easier than you think, so let’s talk if this sounds interesting to you!
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Did you know that you can purchase a multi-unit property, live in one unit, and then rent the other units to cover your mortgage payment?  It’s a great way for some people to get started with owning their own home and testing the waters for becoming a landlord. Qualifying for these types of homes may be easier than you think, so let’s talk if this sounds interesting to you!

ByBrandon Butler

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.