Are you considering becoming a part of the Great Resignation? If so, you may have some important considerations that affect your ability to borrow money with a home loan. For example, “If I quit my job and move to a remote location what kind of house can I buy?”. Even if you are not leaving …
How a New Job Could Affect You Qualifying for a Mortgage Read More »
Housing inventory plunged during the pandemic, but there’s been a recent uptick. Rising inventory, of course, gives home shoppers a little more breathing room. And boy, do they desperately need it: For much of the pandemic, homebuyers have been pitted against one another in the tightest housing market in recent memory. The lack of inventory, …
Housing Inventory Is Finally Starting To Tick Up Read More »
Like last year, the limits are increasing again. While the FHFA’s official announcement isn’t until November, we have many lenders allowing us to use higher loan limits now. Lenders are using $625,500 for one-unit properties as the standard balance and over $937,500 on high balance loan limits. An increase in the conforming loan limit means more homebuyers …
“If you’re self-employed, you are back in the driver’s seat. Planning ahead to use your 2021 taxes to qualify for the loan you want is key.” Qualified Home Loans works with self-employed home buyers all the time to help them qualify for a mortgage loan that works. For more information, click HERE and contact us …
It’s no secret that one of the most critical factors in getting qualified for a mortgage loan is documentable income. Lenders, both large and small, justifiably want to know that you have money rolling in consistently, as this is a good sign that you’re able to repay the borrowed money. Traditional home buyers can prove …
Self-employed? How Last Year’s Tax Filing Affects Qualifying Read More »