Mortgages for self employed - Bank Statement Loan and more

Loans for the self employed are not always easy to find, but, yes, there are mortgages for self employed business owners and entrepreneurs (and real estate agents?). We cover the differences between a full doc mortgage and an alternative income doc loan, and run through the steps for a bank statement loan, plus:

✔️ Are these loans for self employed anything like the NINJA loans from the previous bust❓
✔️ How does the mortgage interest rate compare for a mortgage like the bank statement loan❓
✔️ How do reserves factor into mortgages for the self employed❓
✔️ How much down payment and what are the loan amounts for mortgages for the self employed❓
✔️ What is needed to apply for a bank statement loan❓
? Don’t forget to subscribe to the WIRE Associates weekly newsletter to get the latest housing market data, foreclosure data, median home price charts, tips for buyers and sellers, tips for landlords and tenants and much, much more ? newsletter
? Self employed and ready to buy? We can help, even if you’re in an area we don’t serve, we’ll find the right agent for a self employed buyer like you
? contact us
Link we discuss in the video:
? Learn more about a self employed loan from our buddy, Mike
? mortgage

Equipment that we use for YouTube

  • Camera - Real estate photo
  • Grey card - (amazing investment - sets custom white balance) - table cake
  • Editing rig - a close up of a sign
  • Lights  Real estate photo
  • Lav Mic - Real estate photo

A few real estate books we love!

  • Never Split the Difference: Negotiating As If Your Life Depended On It - Real estate photo
  • What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures, Updated Edition - Real estate photo
  • Every Landlord's Legal Guide - Real estate photo
  • California Tenants' Rights - Real estate photo
  • The Color of Law - Real estate photo
  • The Millionaire Real Estate Agent: It's Not About the Money It's About Being the Best You Can Be - Real estate photo
  • The First Wacky Tale of Sam, Charlie & Leo: The Science Olympiad Competition - Real estate photo

This is not meant to be a solicitation of a property currently under contract. This is not meant to be legal or tax advice, please consult with the appropriate professional. We are licensed to sell real estate in California (if you need help elsewhere, we can help find a good broker, let us know), CalRE # 01804983. Coldwell Banker Realty Owned by a subsidiary of Realogy Brokerage Group LLC. CalRE # 00616212.

*This description may contain affiliate links. When you click them, I may receive a small commission at no extra cost to you. As an Amazon Associate I earn from qualifying purchases. I only recommend products and services that I've used or have experience with. All opinions are my own.

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