A self-employed mortgage product is specifically tailored for those business owners or self-employed individuals earning an income the non-traditional way. Self-employed…
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What are Common Mortgages for Those Who are Self Employed?
Traditional Financing – Net income Stated Income – Business revenue Bank Statements – Usually backdated six months Net worth – Liquid assets Business Cash…
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I Keep All My Income in my Company, Can I Qualify?
You sure can! There are NIAT (Net Income After Taxes) programs that allow you to qualify based off the income you…
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I Don’t Have Two Years in Business, Can I Qualify?
You bet! With just six months of income statements over a twelve-month period, we can annualize your income deposits and qualify…
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What Income Documents Are Required if I’m Self Employed?
Lenders typically ask for: With the above list of documents, there are many options available to you! T1 Generals for 2 years. NOA’s…
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What are the Three Levels of Income Verification for Self Employed Mortgages?
Traditional Traditional income is classified as verified income via your personal tax returns. This method of mortgage qualifying is the most…
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Can I Qualify Based Off of My Net Worth?
You sure can! This is called a Net Worth Mortgage Program. If you have a minimum of $250,000 in “liquid” assets…
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My Income Is Seasonal, Will I Qualify?
Yes, you can use seasonal income to qualify. The same requirements would apply for any income that is earned year-round.