I had no problem getting a mortgage
Posted By: sirpercy on 2007-04-10
In Reply to: Self-employed/IC and buying a house? - sm
with iffy credit, but your broker may not have any control over the documentation needed - especially since the subprime mortgage industry is tanking due to bad loans (everyone is being more careful as a result). STILL, if you have been doing the same type of work for a while, which you have, they should look at the bigger picture - and I would ask them to because you would "hate to have to take your business elsewhere" wink wink.
Remember your clients can lose their clients *any*time - with or without a contract, so I doubt they are going to be willing to give you a letter which meets the requested requirements. If you have excellent credit there are tons of companies out there who probably would not ask for this type of documentation - although terms could be affected a bit. Good luck. P.S. Want to buy my house - its for sale!?
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Mortgage? You gotta be kidding. - sm
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Did you talk to a bank or mortgage company and see if you can get pre-approved? Seems
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Make sure you have copies of all important papers, addresses for mortgage, insurance, etc.
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