Specialized In Jumbo Loans, Investor Loans, DSCR Loans, Non-QM Financing, Commercial Mortgages, and Tax-Informed Lending Strategies
Published By
David Ghazaryan
Owner / Broker / Banker
Contact Me At
(702) 766-3744
NMLS 1486726
Lenders average two years of self-employed income to mitigate the risk of income volatility and ensure you have stable repayment ability.
Under specific conditions, such as a long business history, you may qualify using only your most recent, higher-earning year's tax returns.
Understanding which business write-offs can be added back to your income is crucial for maximizing your borrowing power on paper.
Read the full blog article here: https://www.iqratemortgages.com/blog/why-texas-lenders-average-your-self-employed-income-down
Your best year ever can actually hurt your loan approval. I'm David Ghazaryan. I make sure your income makes sense. When your money goes down, they use the lowest amount. We add back paper costs to show your real money. Computers often say no. A person must review your file. I explain more on my platforms. See the links below.
Read Blog Here: https://www.iqratemortgages.com/blog/why-texas-lenders-average-your-self-employed-income-down
