Truss Financial Group Blog

Learn about stated income, bank statement, and DSCR mortgages with the Truss Financial Group blog

Navigating the World of Stated Income 2nd Mortgages: What You Need to Know

A stated income 2nd mortgage is a type of mortgage loan that allows borrowers to qualify based on their stated income, rather than their documented income. This type of loan is often used by borrowers who are self-employed, have a fluctuating income, or have difficulty proving their income through traditional documentation methods. In this blog, we'll discuss what you need to know about stated income 2nd mortgages.

Debt Consolidation Refinance with A High high debt-to-income ratio (DTI)

A high debt-to-income ratio (DTI) can make it difficult to qualify for a mortgage. A DTI is...

A Beginner’s Guide to Purchasing a Rental Property

If you’re about to take the dive into rental property investment, it’s smart to have a solid...

The Employee Retention Credit: A Lifeline for Struggling Businesses Affected by COVID-19

The Employee Retention Credit is a tax credit available to employers in the United States who have...

5 Tips for Successfully Buying a Home as a Self-Employed Individual

Buying a home as a self-employed individual can be a bit more challenging than if you are a...

Pros and Cons of Owning a Rental Property

Many would-be real estate tycoons dream of owning a rental property and there are many advantages...

The 6 Steps to Create a Business Plan for a Rental Property

Why create a business plan for a rental property?

Investment Rental Property Loans

Are you entertaining dreams of becoming a real estate mogul and you figure rental property...

Using Assets, Not Income, to Qualify for a Loan

If you’re looking for a loan and your net worth is mainly in large assets without a regular...

Self-Employed?  Here’s How to Increase Your Chances for a Home Loan Approval

Owning your own business and/or being self-employed can really have some sweet benefits.  Feel like...