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Can You Buy a House Without a Social Security Number

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Are you looking to buy a home in the United States, but you don’t have a social security number? It may be easier than you think to settle here in the U.S. Rather than a social security number, you will need an ITIN, Individual Taxpayer Identification Number. If you have an ITIN and you have the qualifications we discuss below, you could be well on your way to an approval for … [Read more...] about Can You Buy a House Without a Social Security Number

How to Calculate Debt-to-Income Ratio?

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Next to your credit score, your debt to income ratio plays a major role in your ability to secure a loan. Each loan program has a specific debt ratio they require. This doesn’t mean every lender abides by that rule. Some enforce stricter rules to help prevent default. Knowing how lenders calculate your ratio can help you best prepare for your loan approval. Figure Out Your … [Read more...] about How to Calculate Debt-to-Income Ratio?

What do Lenders Look at on Self-Employed Income?

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It’s a common myth that the self-employed cannot secure a mortgage. That’s not true today. Many lenders and/or mortgage programs make it easy for the self-employed to get a mortgage. Looking for Current Mortgage Interest Rates? Click Here. It all comes down to reliability and consistency. These are the same two factors lenders look at when you are self-employed. They need to … [Read more...] about What do Lenders Look at on Self-Employed Income?

Income and Asset Verification During VA Loan Process

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Veterans have the great benefit of securing 100% financing for their home purchase. The loan provides simple guidelines and much flexibility. Many people wonder, though, just what is the verification process for income and assets? Does it work the same as other programs? Looking for Current Mortgage Interest Rates? Click Here. We take a look at the answer below. What do … [Read more...] about Income and Asset Verification During VA Loan Process