Fannie Mae Self-Employment Income Calculator: How to Use It
Self-employment can be a rewarding journey, but it often comes with its own challenges, particularly when applying for a mortgage. Understanding income correctly is a big part of being self-employed and wanting to purchase a home. This can seem a bit challenging, so a Fannie Mae self-employment income calculator can help you with this process. […]
What Are Non-QM Mortgage Loans?
Non-QM (Non-Qualified Mortgage) mortgages are residential loans that don’t meet the strict requirements of the Consumer Financial Protection Bureau (CFPB) for Qualified Mortgages (QM). Whereas traditional loans meet uniform standards for income verification and debt-to-income (DTI) ratios, Non-QM loans permit variability in borrowers with unorthodox financial situations. These loans are extended to individuals who may […]
