Jason Nichols

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...

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...

Flagstar Bank No Longer Funding Nontraditional Mortgages

In another major turn of events during the COVID-19 pandemic, Michigan-based Flagstar...

Tighter Mortgage Standards Amid COVID-19

One of the defining characteristics of the current pandemic is uncertainty. Industries...

Challenges Aren't Roadblocks

It has been a decade since the housing crisis and crash of 2008 and 2009. In its wake,...

Mortgage Rejections and The New Employment Landscape

The way people work is changing. 30-year careers with giant companies are becoming less...

Proposed Legislation Could Change Self-Employed Mortgages

The legislative response to the crash and housing bubble of 2008/2009 added protections...

Are Stated Income Loans Still Available?

Stated income loans were quite popular before the economic crisis of 2008. In the years...