Everybody says spring is “the” home buying season. But summer’s a great time to buy — maybe even a better time to buy, and here’s why: Less Competition Spring is the typical busy season for real estate. That means there’s going to be tons of hopeful house hunters hitting the streets, looking for their dream … Continue reading Summer is a Great Time to Buy a Home
In a traditional mortgage, borrowers can qualify for financing based on various factors including employment and income. For most borrowers applying for a traditional mortgage, a W-2 and tax returns are required documentation to verify these qualifications. However, this can pose a challenge for borrowers who may not have steady income, are self-employed, or are … Continue reading Bank Statement Loan Qualifications
For business owners, self-employed individuals, or those with complicated financial situations, documenting monthly income can be tricky. Often, there isn’t a W-2 available to show exactly what is earned each month. Providing tax returns is cumbersome and can lead to requests for additional explanatory documents. This means instead of running the business or focusing on … Continue reading Bank Statement Loans Simplify Home Financing for Self Employed Borrowers
Is investing in rental property a good way to build wealth? In today’s post, we’ll review some of the pros and cons of rental property investment and highlight some options for financing. Individual Investors are Eyeing Rental Homes According to data released in 2017, close to half of all rentals (47%) were owned by individual … Continue reading Using Rental Property to Build Wealth
Have you heard of the Bank Statement Qualifier Loan from Luxury Mortgage Corp®? This unique program offers an innovative home financing solution for borrowers who may not qualify for traditional mortgages, due to lacking consistent, documentable income. With the Bank Statement Qualifier Loan, eligible borrowers can use their bank statements to qualify for the loan, … Continue reading Is the Bank Statement Qualifier Loan a Good Fit for Me?