Do-lt-Yourself Mortgages

Palmer, Kimberly
December 2007
U.S. News & World Report;12/10/2007, Vol. 143 Issue 20, p62
The article reports that self-employed people have different rules they have to follow if they want to get a mortgage compared to people with full-time jobs. It's harder for self-employed people to prove what they make, and lenders worry about the sustainability of small businesses. Some options for self-employed borrowers include stated-income loans and regular loans with full documentation of income. Also discussed is the importance of being organized, like keeping detailed financial records.


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