Calculating Income for Self-Employed Borrower with Declining Income
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Using Crypto-Currency to Purchase a Home
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Date of Lease for Departing Residence Income
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Median Income for HomeReady/Home Possible in High-Cost Areas
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Using Cash-Out from a Mortgage-Free Property
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Fannie Mae LL-2023-01 updated March 22, 2023, and Freddie Mac Bulletin 2023-7 dated March 22, 2023 – Announces Effective Date Delay for DTI upfront fee Implementation.
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HELOC for Down Payment as a Co-Borrower
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Traveling Nurse with Two Part-Time Positions
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Tax Transcript Requirements for Fannie Mae & Freddie Mac
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HELOC Payment Amount to Qualify a Borrower
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Non-COVID Forbearance Rules
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Fannie Mae – LL-2021-03 for COVID – Updated February 15, 2023, and Freddie Mac – Bulletin 2023-5 – Dated February 15, 2023
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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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Credit Report Shows “Balance Over the Limit.”
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Utilities Turned Off Prior to an Appraisal
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