Covers all income types and best practices for calculating and verifying borrower income accurately.
This blog is going to be a three-part series, I want to break down the information for FNMA and FHLMC loans in the following three categories. 2-4 unit primary residence
Sometimes when competing for a new loan, your running “neck and neck” on the offered interest rate and need to find little edge to win over your competition, and that
During the recent “dark age” of the mortgage business FNMA put continuity of obligation rules in place to try to slow down the real estate crash. Terms like buy and bail,
We are one month into the New Year, many people are a few weeks into progress on their plans for 2016, if one of your resolutions was for smoother loan
Is your CPA Getting it Wrong? Recently I was working on a purchase loan for a borrower who is self-employed and owns three different businesses. In reviewing the borrower’s two
Have you ever completed a process at work over and over, so much so that you don’t even think of the action when you are doing it? For example, your
Video Overview – Multiple Financed Properties The FNMA Multi Property Loan can be intimidating if you have not yet had to originate or underwrite a borrower who is a little
Over the last few years the popularity of business owners setting up LLC’s has increased. LLC’s have many advantages over sole proprietorships and standard partnerships. Many business owners call the
For the last installment we are going to look at the 1120S and 1120 corporation returns inside the lens of the cash flow analysis form. These two business entities really
Today I want to review partnership cash flow adjustments (or 1065 forms). The 1065 is much more like a Schedule C income than it is like a corporation. The 1065
