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Qualified Home Loans

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Here’s how to get a mortgage if you’re self-employed

So, you’re self-employed and want to get a mortgage. For traditional W2 employees, this process is pretty cut and dry. But for self-employed borrowers (contractors, freelancers, or independent business owners) the process can be a bit more complicated. Here’s why: The mortgage industry was designed to accommodate conventional W2 employees. Salaried workers are considered to …

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Inflation is back, but does that mean mortgage rates will rise?

During the past four decades, American consumers could count on this constant: The rate of inflation remained below the average rate of a 30-year mortgage. In many past instances that’s exactly how things play out, but that’s not what’s happening today. While the rate of inflation doesn’t determine mortgage rates, the two metrics are correlated. Inflation is …

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What California Homeowners Should Know About Supplemental Tax Bills

If you just closed on your new home, you’ve probably got a lot of things on your mind, like home maintenance, homeowners insurance and property taxes. You may have an escrow account (also known as an impound account) with your lender that splits up your taxes and homeowners insurance into monthly payments rather than a lump sum. But, you get a supplemental tax …

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