Your Ultimate Guide to Non-QM Mortgage Lenders What is a Non-QM Mortgage? A non-QM (Non-Qualified Mortgage) mortgage is a type of loan that doesn’t meet traditional (remove typica) lending standards and requirements, which are set forth by the Consumer Financial Protection Bureau (CFPB). This means that non-QM loans allow lenders to be more flexible with […]
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A comprehensive guide to understanding bank statement loan interest rates Bank statement loans allow freelancers, gig workers, contract workers, entrepreneurs, and self-employed individuals the opportunity to qualify for a mortgage without using W-2s or tax return information. Instead, lenders rely on bank statements – but how does that affect bank statement loan interest rates? In
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Everything You Need to Know about Bank Statement Loans For self-employed individuals, qualifying for a home mortgage doesn’t need to be a challenge. Conventional lenders, FHA lenders, and VA lenders typically require prospective borrowers to provide significant documentation during the application process such as tax returns and W-2s, which can be difficult for those who
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Non-QM Loans: The Complete Guide When it comes to mortgages and buying a home, not everything is black and white. If you have a unique circumstance and you find it hard to qualify for a conventional mortgage, did you know there’s another option? Non-QM loans exist outside of the box of conventional mortgages, and they
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All The Trends, Tips, and Factors For Entrepreneurial, 1099 Contractors & Self-Employed Borrowers To Consider In the ever-evolving landscape of the real estate market, there’s a distinct buzz surrounding 1099 contractors & self-employed borrowers and entrepreneurs seeking to purchase a home or refinance their current mortgage. As we stand at the intersection of economic shifts,
Introduction Yes, getting a mortgage if you are self-employed/1099 is very possible, and no, it doesn’t need to be stressful. Whether you’re just getting started on this exciting new process towards homeownership, a current homeowner looking to purchase another property, or thinking about homeownership as something for down the road, you’ve come to the right
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