Home-buyers Guide to Getting a Self Employed Mortgage Loan.
It’s not a secret that one of the most important factors in getting a home mortgage loan is proving your income. I interviewed Tim Hart with VanDyk Mortgage about this topic. Traditional homebuyers are able to document this by providing their W2 earning statement. Things get a little more complex for a Self Employed Mortgage. Despite, having quality cash flow on hand, self-employed individuals often learn just how much their net income actually is after factoring in tax write-offs and other business expenses. Most lenders base their lending decision for a Self Employed Mortgage on net income.
In the video, Tim Hart discusses options for obtaining a Self Employed Mortgage. Guidelines for Self Employed Mortgage homebuyers have loosened of recent. For example, Tim has a program for Self Employed Borrowers who can use their business bank statements as income.
If you have Real Estate related questions call 239 694 3300 or use the form below.
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
During the beginning of the housing downturn, Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm that caters to its clients and the community at large.
For more information call 239 694 3300 or use the form below.