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Self-Employed? There are some new mortgage rules to know

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If you are self- employed and trying to purchase a home it can be very difficult when obtaining financing.  The lender will base everything off of your tax returns.  This includes averaging your schedule C’s and your business returns for your partnerships, LLC  or corporations.  Don’t despair you can get a loan with some patience you will be in your home.

Enjoy this article from Zillow with information that you need to know:

Being your own boss comes with a ...

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REFINANCE WITH NO EQUITY HARP 2 GOVERNMENT PROGRAM IS HERE

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Of course there are requirements! Your loan must be a Fannie Mae, Freddic Mac or Fha loan (this is for a Fha streamline)
  1. Mortgage payments must have been paid on time for at least 6 months for Freddie Mac and for Fannie Mae it is a 1 year
  2. Must be DU/LP approved
  3. Full documentation
  4. Upside down on your mortgage- OK
Look up your home and see if it qualifies at:
Or you can ...

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