Many self-employed and/or business owners who can easily afford to purchase and own a higher-end home could not qualify for a traditional jumbo home mortgage. Jumbo loans are substantially harder to qualify than traditional conforming loans. However, lower adjusted gross income is bad when qualifying for a mortgage. Lower adjusted gross income means fewer income taxes to pay.
Unreimbursed business expenses are a great benefit and tool for business owners and self-employed wage earners because they get to deduct substantial expenses which lower the adjusted gross income. Self-employed wage earners and/or business owners normally take substantial unreimbursed business expenses. Many homebuyers of higher-end homes are business owners and/or self-employed wage earners. Benefits Of Using Non-QM Versus Jumbo Loans To Purchase High-End Homes.What Are The Benefits Of Using Non-QM Versus Jumbo Mortgages.Conforming Loan Limit Increases To Record High.What If You Buy a Home at The Top of The Housing Market?.
0 kommentar(er)
