All Questions
Tagged with self-employment mortgage
10
questions
2
votes
1
answer
128
views
How to get a mortgage soon when self-employed in 1-person LLC that is <6 months old
In Jan 2022, I got hired to work (remotely, living in USA) as a senior software engineer for a non-US company that was unable to hire me as a W2 full-time employee; they required me to create an LLC (...
- 430
0
votes
1
answer
119
views
C2C Employment considered self employed for Fannie / Freddie?
I was recently offered a job after interviewing. They offered either w2 or corp 2 corp work. I chose corp to corp and created an LLC and signed a year long renewable contract as a single member LLC ...
- 101
1
vote
1
answer
411
views
Can a high down-payment on a house offset the need for proof of income?
Say someone has a small business and is self-employed -- therefore, they don't have any proof of income in any way (assume such an example). This person, however, has 75% of the down-payment on a ...
- 53
3
votes
4
answers
860
views
Looking to buy a property that's 12-14x my income. How can it be done?
I currently have insignificant income due to the fluctuations of my line of work -- entrepreneurship.
I do not have any steady income and can't guarantee minimums always -- but I have done some ...
2
votes
1
answer
161
views
Getting a mortgage while self-employed
My friend has been working "under the table" for 7 years now and has been making a steady $35k-$40k a year. He has recently divorced his partner (and is receiving approx $30k/year in alimony) and now ...
- 135
5
votes
1
answer
343
views
Self employed applying for mortgage
I talked with a mortgage lender several months ago, but was dismissed because I did not have two years at my current self employed business. They said they needed taxes for the last two years. The ...
- 165
8
votes
2
answers
568
views
How do banks feel about loaning money to independent IT contractors for a home mortgage?
I'm in IT, I go on contracts that range from 3-6 months, but they have a termination clause of 2 weeks usually. I earn $900 NZ per day.
How lenient would a bank be on lending say $400K to me, which I ...
- 275
1
vote
2
answers
726
views
How can I get a mortgage as a small business owner?
My partner and I are considering buying a home. We're both half-owners in our own small software company. Our business has been around for three years, has always been profitable and profits have more ...
- 1,027
13
votes
1
answer
8k
views
Can I get a mortgage if I'm employed by my own company, rather than self employed?
My partner and I are looking to buy a house as soon as possible (i.e., the second we have the deposit in the next 3-4 months). My partner is currently in full time work but we want to focus on our own ...
- 183
1
vote
1
answer
392
views
Home office deduction with a line of credit mortgage (e.g. Manulife One)? [Canada]
I've been looking at mortgage products such as Manulife One - which work like a line of credit based on the equity in your home. The monthly payment is the interest on the amount left owing every ...
- 1,410