Tag: self employed mortgage

For quite a while, self employed business owners have struggled to qualify for a mortgage. But thanks to a bank statement mortgage, buying or refinancing a house is much easier. These alt doc loans do not require tax returns or even signing a 4506T request for transcripts of tax returns. One option includes qualifying with […]

Homeownership, owning your business, and living life to the fullest are 3 of the most popular answers to the American dream.  One could see why many desire to own a business.  Successful business owners enjoy a sense of pride in building something that supports their employees and provides valuable services.  Yet, the self employed also have […]

Many self-employed business owners today are faced with two dreaded phrases from a mortgage lender.  “Your debt ratio is too high”.  The other is “You don’t report enough income on your tax returns”.  Now, if a borrower reports no income or reports losses on the tax return as self-employed, options are limited.  But there are a lot […]

Owning a business has lots of advantages, but one of them is usually not easily qualifying for a mortgage.  Obtaining a self employed home loan requires more documentation than a salaried employee.  But with knowledge and some preparation, qualifying for a mortgage is easier for business owners. Self Employed Home Loan Documentation Lenders are not […]