Mortgage & Real Estate Articles

Mortgage Rates and Trends: What Every Self-Employed Homeowner Should Know

By: Phong Truong

Published on: 05/10/2024

Being self-employed has many advantages, from flexibility to being your own boss. However, when it comes to securing a mortgage, self-employed individuals often face more hurdles compared to salaried employees. Lenders view self-employed borrowers as higher risk due to income variability, complex financial documentation, and fluctuating cash flows. On top of this, understanding mortgage rates and trends is essential, as small changes in interest rates can significantly affect the affordability of homeownership and refinancing opportunities.

Real EstateMortgage TipsMortgage Programs

Understanding the Tax Benefits of HELOCs for Self-Employed Homeowners

By: Phong Truong

Published on: 03/10/2024

As a self-employed homeowner, managing finances efficiently is essential for both your business and personal life. One of the most powerful financial tools at your disposal is a Home Equity Line of Credit (HELOC), which allows you to borrow against the equity you’ve built up in your home. While a HELOC provides flexibility in accessing funds, it also offers potential tax benefits that can significantly reduce your tax liability when used wisely. Understanding these tax advantages is crucial to making the most of this financial resource.

Home BuyingReal EstateMortgage Tips

What Self-Employed Borrowers Need to Know About Mortgage Rates and Trends

By: Phong Truong

Published on: 28/09/2024

Securing a mortgage can be a challenging task for self-employed individuals, particularly due to the inherent variability of income and the complex documentation requirements compared to salaried workers. When it comes to buying a home or refinancing a mortgage, understanding mortgage rates and the trends that influence them is critical for self-employed borrowers. This knowledge allows them to make informed decisions about when to apply for a mortgage, how to prepare, and what options are available that cater specifically to their needs.

Mortgage TipsMortgage Programs

Self-Employed and Looking to Buy a Home? Here's What You Need to Know

By: Phong Truong

Published on: 26/09/2024

Buying a home is an exciting milestone, but it can be particularly challenging for self-employed individuals. Without the steady, predictable income of a salaried employee, many self-employed borrowers face unique hurdles when applying for a mortgage. If you're self-employed and looking to buy a home, there are several key factors you need to understand before diving into the mortgage process.

Real EstateMortgage Tips