This ARTICLE Is About Self-Employed Lending Guidelines With No Income Tax Returns Required Required Obtaining a mortgage for self-employed borrowers was a hurdle after the 2008 Real Estate Meltdown. No-doc and stated income mortgages came to a complete stop. Teaser rate mortgages were no longer available. Self-Employed Lending Guidelines With No Income Tax Returns Required […]
There are many write-offs associated with being self-employed that take away from your buying power for a mortgage. The more income you claim, the more income taxes you pay. If you are in the market to purchase a home, we recommend you tell your CPA. They will file your taxes with last write-offs to increase your buying power. Sounds easy right?