The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

Self Employment and getting a mortgage just got easier

Self-Employed? It just got easier to get a mortgage

By Scott Sheldon / March 9, 2017

Are you looking to purchase a home? Are you self-employed? The rules to make this happen just got easier. Freddie Mac has recently announced upcoming changes on how vendors can use your income to qualify you for a home. If you are a self-employed borrower, lenders will be looking at your loan application with a…

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Scott Sheldon's The Mortgage FIles Blog

Why Hiding Income From Your Lender Is A Bad Idea

By Scott Sheldon / November 16, 2014

Applying for a home loan? Omitting, hiding, manipulating or not showing income, may be a gray area with your mortgage company. What to know… When you apply for a home loan, there are specific income documentation requirements, all lenders will require to fund on a mortgage . This includes: Two most recent years income tax…

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