How to get a mortgage ?
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Topic: How to get a mortgage ?
Posted By: NicholasBlak252766
Subject: How to get a mortgage ?
Date Posted: 08 June 2021 at 12:53pm
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I want to take out a 15-year mortgage to buy a home for my family. Since this is the first time I will get a mortgage and no one from the family has ever encountered this. I want to ask you what advice can you offer ?
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Replies:
Posted By: NicholasBlak252766
Date Posted: 08 June 2021 at 7:30pm
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You should definitely contact the professionals.
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Posted By: Deirdre265511
Date Posted: 08 June 2021 at 7:31pm
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If you are a medical doctor, you may have more favorable mortgage conditions.
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Posted By: Stephane267160
Date Posted: 09 June 2021 at 6:06am
First things first, You need to document your tips meticulously and put all that income on your tax return. A few years of steady tax returns is enough for some lenders.
There are LOTS of lenders out there, so keep shopping around until you find someone who wants your business. A close friend of mine makes use of https://fairwayfastmortgage.com/" rel="nofollow - Fairway Mortgage Company , so look them up. All commercial lenders have to make the paperwork conform to specific standards, so nobody is going to loan on a wing and a prayer, but tax return history is an acceptable method.
Most people who make a “lot of tips” don’t keep very good records, and when they do, they realize they have never made as much in tips as they thought they did… For a few people it works the other way, and once they have accurate records they owe more taxes.
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