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Running your own business can provide financial flexibility, but showing a lender how much income you earn can feel more complicated than it does for a salaried employee. Lenders generally calculate self-employed income by reviewing tax returns, determining adjusted net…
Buying a higher-priced home in Massachusetts can be exciting, but the additional mortgage requirements may feel overwhelming. A jumbo mortgage is a home loan that exceeds the conforming loan limit for the property’s county, and it generally requires stronger credit,…
Finding the right home is exciting, but deciding when to lock an interest rate can add uncertainty to an already time-sensitive process. A mortgage rate lock is an agreement that holds a specific interest rate for a set period while…
Running a business can provide strong income, but showing that income clearly during the mortgage process can feel frustrating. For self-employed mortgage applicants, lenders generally evaluate stable, recurring income by reviewing personal and business tax returns, business cash flow, income…
Get Your Financial House in Order Before Halloween As the leaves change color and the air turns crisp, Halloween is just around the corner. This festive season offers a timely reminder to get your financial house in order before the…
Buying a high-value home is exciting, but choosing the right mortgage can feel complicated when the purchase price is above common lending limits. A jumbo loan is a mortgage that exceeds the conforming loan limit for the property’s location and…
Qualifying for a mortgage when you own a business or work for yourself can feel more complicated than it should. Self-employed mortgage qualification is generally based on documented income, business stability, credit, assets, debts, and the property being financed. In…
Buying a new home is exciting, but trying to coordinate the purchase with the sale of your current property can feel overwhelming. Move-up buyers may be able to finance a new home before selling their current property by qualifying for…
Buying or refinancing a home when you own a business can feel complicated, especially when your tax returns do not tell the full story of your income. A self-employed mortgage uses documented personal and business income to determine whether a…
Stepping up to your next home is an exciting milestone, but it also comes with important decisions, especially when it comes to finding the right mortgage fit for your changing needs. Conventional loans are mortgages that are not insured or…