Asset Depletion Mortgage: Use Assets to Qualify for a Home Loan
Asset Depletion Mortgages: How Your Assets May Help You Qualify for a Home Loan Not everyone earns income through a traditional W-2 paycheck. Some people are retired. Others own businesses or rely heavily on investments. In many cases, a large portion of their wealth may be sitting in retirement accounts, savings, brokerage accounts, or other […]
1099 Income: Can Self-Employed Borrowers Qualify?
If you earn income as a contractor, freelancer, or independent worker, you’ve probably wondered whether a mortgage is possible with 1099 income. The short answer is yes — but how lenders review 1099 income matters more than most people expect. Unlike W-2 income, 1099 income comes with more variability, more write-offs, and more questions. That […]