Mortgage secrets revealed by Southampton, Pennsylvania based Mortgage Broker Gregory Mason at a new web site that is designed to give the self-employed and other Pennsylvania residents all the facts so they can make an educated decision when obtaining a mortgage. The site is full of free reports, a home buying guide and free mortgage calculators.
Southampton, PA -- (SBWIRE) -- 01/16/2013 -- Self-Employed Southampton, Pennsylvania Residents Have Easy Ways to Get the Best Mortgage
Gregory Mason, a Loan Officer, says it might actually be easier to get a mortgage when you’re self-employed. If you know where to look, that is.
There’s no denying that there are tons of benefits that go along with being self-employed. But along with the freedom of being your own boss, most Southampton residents probably thought one of the things they wouldn’t have much choice about is their mortgage. After all, mortgage lenders are traditionally hard on self-employed borrowers, right? Not necessarily.
“What most people don’t know is that many lenders are eager to work with self-employed borrowers,” “And because of the unique loans they offer that are designed specifically for entrepreneurs, you might actually wind up going through less hassle during the process than your neighbor, who depends on the good graces of a boss for his livelihood.”
Here are some quick pointers on shopping for a loan when you’re self-employed:
- Explore no-doc loans. No-doc means what it sounds like – you don’t have to provide all of the supporting documentation most borrowers do. You simply tell the lender what your income is. You’ll usually need good credit scores or a larger down payment for this type of loan.
- Look for lenders that will let you verify your income in ways that don’t require tax returns or pay stubs. Bank statements, for example, can be much better indicators of cash flow.
- Ask the experts. Entrepreneurs don’t have the time to shop around for lenders who offer these kinds of loans. So do what you would do in your business. Ask an expert. Mortgage brokers have access to dozens of lenders and mortgage products many people don’t even know exist. They can streamline the process and make it easy to get the home you want, at a price you can afford.
- Get your accountant to sign off on a profit-loss statement. Some lenders can use these as “verification” of your income from self-employment. This should be a simple thing to put together, especially if you have an accountant prepare your taxes every year.
About Gregory Mason
Southampton, Pennsylvania - based mortgage expert Gregory Mason specializes in providing information to Pennsylvania residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.
Gregory Mason is available for interviews and will welcome all your mortgage related questions.
Call 215-953-1960 Ext. 231 for a Free No-Obligation Consultation or visit
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