Mortgage Application & Approval
Get expert guidance on the mortgage application and approval process. Learn about the documents you'll need, credit score requirements, debt-to-income ratio, and the underwriting process. Find out how to improve your chances of getting approved and what to do if your application…
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Get expert guidance on the mortgage application and approval process. Learn about the documents you'll need, credit score requirements, debt-to-income ratio, and the underwriting process. Find out how to improve your chances of getting approved and what to do if your application is denied.
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87 discussionsSelf-Employed and Struggling to Prove Income for a Mortgage?
We talk to a lot of freelancers, contractors, and business owners who assume getting approved is impossible because they earn 1099 income. The reality? Most aren't denied because…
Got denied for a mortgage because of high DTI? Don’t give up yet.
A lot of people think a high debt-to-income ratio means they can’t buy a home. In real life, many borrowers have good income but also normal monthly debt…
I kept getting denied for a mortgage because I’m 1099… turns out I was doing it completely wrong
So I’m self-employed (freelance + contract work) and make decent money. But every time I tried to get a mortgage, same story: “Your income isn’t stable” “Your tax…
Self-employed but tax returns make your income look low?
Being self-employed can make mortgage approval frustrating. A person may have steady clients, strong bank deposits, and enough income to afford a home. But after business write-offs, their…
Does an old bankruptcy matter more than a recent one?
Curious what folks think - if you had to choose, would you rather have a bankruptcy from, say, 10+ years ago on your record, or a more recent…
Lost in the paperwork jungle: mortgage edition
When I applied for my mortgage, I swear I spent more time hunting down old tax returns and random utility bills than actually looking at houses. At one…
Co-Signing a Loan for Family? It Could Hurt Your Home Loan as a Doctor
We see this situation all the time. A doctor wants to help a family member by co-signing a loan. It feels like the right thing to do. But…
IS IT WORTH USING A MIDDLEMAN FOR HOME LOANS?
Used a broker for my last mortgage and honestly, it was kinda a mixed bag. They did find me a rate I probably wouldn’t have found on my…
🔥 Self-Employed? You May Not Need Tax Returns to Get a Mortgage
If you’re self-employed, freelancers, or a business owner, traditional mortgage rules can be frustrating - especially when tax write-offs make your income look lower than it really is.…
Mortgage hunting nightmare as a freelancer
Just went through the whole mortgage application thing as someone who's self-employed, and man, it was a rollercoaster. Ended up using this online broker service that specializes in…
