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How mortgage lenders really treat negative secondary income Side hustles are everywhere. Uber driving, an Etsy shop, a consulting gig on nights and weekends. From a tax standpoint, those activities often show a loss on your return because of write-offs…
The hidden rate premium that erases most “payment savings” A 50-year mortgage spreads payments over a longer timeline, which can trim the monthly bill a little. In reality, the rate on a 50-year loan would almost certainly be higher than…
What appraisers and underwriters need to approve unique properties Thinking about buying or refinancing a home that does not look like anything else nearby? You can often still get financing. The key is showing that typical buyers in the area…
See side-by-side loans, real monthly costs, and equity growth in minutes. Buying a home is exciting, and a little overwhelming. Rates, points, PMI, closing costs, taxes, insurance… it’s a lot. We build this comparison tool to make those trade-offs crystal…
How buying down your rate works, when it pays, and when to skip it Paying points can lower your interest rate and monthly payment. The key is knowing the breakeven, your time horizon, and whether there is a better use…
Make the Right Choice by Focusing on Monthly Cost When you start exploring mortgages, two of the most common options are FHA loans and conventional loans. Both can get you into a home, but the better choice depends on your…
Alimony and child support can count, but only under the right conditions. When applying for a mortgage, every source of income matters, especially for borrowers who rely on alimony or child support. Here was want to clarify, and help define…
A bank statement loan made homeownership possible when full-doc loans said no At Innovative Mortgage Brokers, we believe that your mortgage should reflect your reality, not just your tax returns. That was exactly the case with a recent self-employed client…
The trucking industry is the backbone of American commerce, keeping goods moving across the country 24/7. If you're a truck driver looking to buy a home, you might be wondering how your unique income structure affects your ability to qualify…
A Complete Guide for Short-Term Contract Employees Union workers are the backbone of many essential industries - from construction and manufacturing to healthcare and public service. While union membership offers incredible benefits like job security, structured wage increases, and comprehensive…
