Bank Statement Loans for Self-Employed Borrowers

For self-employed borrowers it can sometimes be difficult to qualify for a mortgage. They typically don’t have the traditional income documents like pay stubs and W2s. Self-employed wage earners can write off business expenses from their gross income, which allows them to pay less in income taxes, but they have the means to buy a […]

When Will Be a Good Time to Buy a House?

If you’ve been following the housing market for the last couple of years, you have probably thought about buying a home. The question you probably have is, when will be a good time to buy a house? You should probably ask yourself instead, is it a good time in my life to buy a house? […]

Can I Buy a Home If I Have Student Loan Debt?

You don’t need to be 100% debt-free to buy a home, which means you can have student loan debt and be a homeowner. There are a few important things you need to understand when applying for a mortgage with student loan debt though. How student loans are calculated in your Debt-to-Income (DTI) ratio According to […]

Employment Gaps when Applying for a Mortgage

Most lenders want to see a two-year consistent employment history. However, we have closed many loans with borrowers who have gaps in employment all the time. Common reasons for gaps in employment Maternity leave Personal time off due to divorce or death in the family Being in school full time Military deployment Working part-time that […]

4 Ways to Clean Up Your Finances Before Seeking a Pre-Approval

Claire & Rory want to become homeowners but are not sure when they want to buy a home. They are not yet ready to talk to a loan officer but want to start planning. Here are four ways Claire and Rory can start to organize their finances before getting a pre-approval. 1.Review their credit reports […]