Getting 1099 and you will worry about-employed borrowers planning to qualify for a mortgage loan, starting a very good a couple-12 months record while the an excellent 1099 salary earner try a simple requirements. Which background actions income balance and surface, delivering lenders which have a better picture of brand new borrower’s economic capability.

Whenever transitioning off W-2 to help you 1099 standing, lenders generally speaking get a hold of two years out-of noted 1099 earnings off inception big date of 1099 position. So it implies that the borrower enjoys a history of getting earnings inside the a self-functioning capability, exhibiting their ability so you can suffer mortgage repayments. 続きを読む →