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January 16, 2019

QUESTION: I am in sales and the majority of my income is from commission and it goes up and down monthly. How is income figured for me?

Answer: Lender will use a 2 year history and average your income. If you […]
January 16, 2019

QUESTION: I am on a fixed income and do not have to file taxes and I have not been able to qualify for a loan because of that even though I have good credit and lots of equity in my home. Help?

Answer: When people are on a fixed income and have non-taxable earning we can […]
January 16, 2019

QUESTION: I am relocating and have a contract from my new employer. I am being told I cannot get a mortgage until I have my first paystub. Really?

Answer: This is the conservative stance of some lenders. On a purchase transaction for […]
January 16, 2019

QUESTION: I have a part time job can I use the income?

Answer: You can use part time income if you have been working two jobs […]
January 16, 2019

QUESTION: I have been getting bonus income for several years now. Can I use that to help qualify for a new home loan?

Answer: Most likely yes! Normally need a two year history. If you have had […]
January 16, 2019

QUESTION: I have overtime income, and my lender says they will not use it! It is my money!

Answer: You can use overtime income if you have a two year history of […]
February 15, 2019

QUESTION: I wanted to get an ARM loan for the lower payments since I will not have the home that long. My lender is telling me that it is harder to qualify for an ARM than a fixed rate loan?? Sounds wrong to me!

Answer: Your lender is most likely correct but it depends upon the program and […]
February 15, 2019

QUESTION: If I buy a new house as a rental, can I use the rent as income?

Answer: Most of the time you can use the rent to help qualify! The […]
December 1, 2018

QUESTION: My tax returns don’t seem to show sufficient enough income. What are my options?

Answer: We now have options for this as well. Not the old stated income […]