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 »
Getting ready to buy your dream home? Whether you’ve already started doing your research or aren’t quite sure where to begin, we’re here to help you get into a home and broke it up into bite-size to-dos. Many people find getting pre-approved for a mortgage straightforward—in most cases a pre-approval requires answering a few questions …
Some benefits of investing in real estate include passive income, equity, monthly rents, and tax breaks. If you’re thinking about purchasing an investment property, here are 4 different ways you can do this: Traditional investment purchase A traditional investment property is simply an additional property with the sole purpose of renting or earning income. These …