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1099 Reference Articles: Mortgages for the self employed While many self employed borrowers love the freedom of being their own boss, they cringe at the thought of taking out a loan because many banks have much tighter restrictions on self employed borrower http://www.brokeroutpost.com/reference/33527.htm (Updated: 05/30/2007) Related Reference Topics: [stated, 1099, w-2, deductions, depreciation]
How low on the Credit Score do Lenders go 80/20? Full Documentation = 2 Years Employment as W2 Employee or 12 months Bank Statements show suffient deposits if your 1099. Lenders will traditionally go to a FICO score of 580. Exceptions are to 560 but http://www.brokeroutpost.com/reference/24511.htm (Updated: 10/09/2006) Related Reference Topics: [full doc, employment, 80/20, 100%, 560, 580]
Documents needed for your Loan The following is a list of typical items needed for your mortgage application. These items are are needed depending upon type what type of mortgage you're interested in and your ability to provide the http://www.brokeroutpost.com/reference/43091.htm (Updated: 09/06/2006) Related Reference Topics: [documents, application requirements]
Preparing for your First Home / Mortgage There are some basic financial things you can do to get prepared for buying your first home. This will make it easier for you and your mortgage broker.
Start to collect and organize documentation: http://www.brokeroutpost.com/reference/14277.htm (Updated: 03/06/2006)
The Lending Process The Lending process starts with interest from the borrower in either buying a home or refinancing. When thinking about buying a home many people start to look for houses first. The first step should http://www.brokeroutpost.com/reference/13642.htm (Updated: 02/19/2006)
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