Getting a Mortgage with a Short Employment History
In this guide, we will cover getting qualified and approved for a mortgage with a short employment history. Homebuyers, whether they are first-time homebuyers or…
Category: Income And Employment
Getting Approved For a Mortgage After College
This guide covers getting approved for a mortgage after college with no work experience and high student loan debt. One of the mandatory requirements to…
How Do Underwriters Calculate Qualified Income For Mortgages
This guide covers how do underwriters calculate qualified income of borrowers. The way how do underwriters calculate qualified icome of borrowers is with documented and…
W2-Income-Only Mortgages Without Income Tax Returns
This guide covers qualifying and getting approved for W2-income-only mortgages without income tax returns. FHA, VA, USDA, and Conventional loans offer W2-income-only mortgage without income…
How Underwriters View Increasing Income in DTI Calculations
This guide covers how mortgage underwriters view increasing income in debt-to-income calculations. Income is probably the most important factor in qualifying for a mortgage. Income…
Understanding Debt-to-Income Ratio For Car Loans
This guide covers understanding debt-to-income ratio for car loans and student loans during the mortgage process. Understanding debt-to-income ratio for car loans and student loans…
Documents Required to Start The Mortgage Process
This guide covers documents required to start the mortgage process. There is a big difference between a pre-qualification letter and pre-approval letter. A pre-approval letter…
Understanding Debt-to-Income Ratio For a Mortgage
In this guide, we will cover understanding debt-to-income (DTI) for a mortgage. Mortgage borrowers have to realize the importance of debt-to-income ratio when qualifying for…
Qualifying For a Mortgage With Part-Time Jobs
This article covers qualifying for mortgage with part-time jobs. The great recession and real estate and credit meltdown of 2008 was the worst economic disaster…
How Underwriters Qualify Income of Mortgage Borrowers
This guide covers how underwriters qualify income. One of the most important factors in getting qualified for a residential mortgage loan is credit and income and…