Courtesy of Shutterstock Finding the right lender for a large loan is more than just competitive interest rates – you’ll want a lender who fits your unique financial profile. Picture this: You've found your perfect home with that sunroom and clawfoot tub you've always wanted. The catch? You'll need a sizable loan – at least $500,000. Diving into the mortgage world can be intimidating, especially if your loan surpasses the half-a-million-dollar mark. “For high-value loans, finding the right...

Courtesy of Shutterstock Self-employed or have non-traditional income? A business profit and loss statement can provide a clearer snapshot of your financial health – and with the right lender, a pathway to securing a home loan without the need for traditional pay stubs or tax returns. While tax returns may weave a tangled web of deductions and expenses, a profit and loss statement (or P&L) can cut through the clutter. Consequently, there are mortgage lenders who accept P&L statements in...

Courtesy of Shutterstock Self-employed and interested in tapping into your home's equity with a second mortgage? A bank statement loan can help you bypass traditional tax return requirements, which can muddle the reality of freelance and business income. The paperwork to secure a second mortgage may feel overly rigid for self-employed professionals, freelancers and entrepreneurs. Traditional lenders often rely on tax returns to verify income, which can challenge those with fluctuating or...

Self-employed individuals or those with complex financial situations may struggle to qualify for traditional mortgages due to tax return requirements, but there are lenders offering tax return-free mortgage options, which we evaluated for accessibility, documentation needs and pros and cons. Nothing is certain but death and taxes. However, a tax return that realistically reflects your earnings to a mortgage lender? There’s no guarantee. That’s especially true for people who are self-employed...

Mortgage lending can be a stickier subject for the self-employed. If you have the finances and a strong credit score but lack a W-2 or pay stub, a bank statement loan could be your ideal mortgage type. Self-employed people often have a tougher time getting traditional home loans, which require W-2 forms or tax returns to prove income. But there's another option: financing through a bank statement mortgage lender. A bank statement loan may offer an easier and more streamlined means to get a...