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re: Financing a house as a 1099 (self-employed)
Posted on 4/16/14 at 5:09 pm to rlanders23
Posted on 4/16/14 at 5:09 pm to rlanders23
quote:
As a w2 in October, I was being offered rates near 4.2% but wasn't able to lock in without paying a steep premium. In hindsight, I probably should have bitten the bullet
Wouldn't have mattered. The mortgage company would be looking for recent paystubs to close the loan and they would reverify employment.
As much as I dislike Obama his programs have nothing to do with this. Self employed borrowers have always had to provide a 2 year history unless they were putting enough down to do a no doc loan.
This post was edited on 4/16/14 at 5:11 pm
1
Posted on 4/17/14 at 6:25 am to VABuckeye
This post was edited on 5/7/14 at 8:10 am
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