Mortgage loans for self-employed
Hey there, Mortgage pals! It's time to break down mortgage options for the self-employed.
First up, Bank Statement Loans. These loans don't require showing net income on taxes or pay stubs. Tailored for 1099 earners and the self-employed, your bank statements do the talking!
Next, we have 1099 Income Loans. An alternative solution for 1099 earners, these loans use earning statements instead of tax returns, pushing you closer to homeownership.
Then there's No-Doc Mortgage Loans. Perfect for business owners and 1099 earners, you can leverage alternative income without providing tax returns.
Lastly, Asset Depletion Loans. These allow you to use your assets as income, making qualifying for a mortgage easier.
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But remember, these loans may have stricter lending requirements and higher interest rates. Always shop around, compare rates before making a decision.
That's it for today, Mortgage pals! Subscribe for more mortgage wisdom!
information provided by Sal Ciubancan creator of My Mortgage Pal channel. Broker/Owner of Premier Hoe Financing https://premierhomefinancing.com.