Carlos, the main documents/information needed for a buyer are: Two years residence and employment history. Current paystubs, current W2s Two years tax returns if self employed or show other types of income (rental income, interest/dividends, etc.). Personal and corporate if applicable. Two months asset statements for all accounts where funds for closing and reserves are coming from Credit will also be run Some lenders, (like the one that helps many of my buyer clients), have alternative documentation programs where tax returns may not be required, e.g., bank statement programs for self employed if income from returns don’t substantiate qualifying income.
Buying a house from a family member or buying for a family member is a unique real estate transaction. If you're buying a house from a family, there's more on the line than just money. This type of transaction is not just about negotiating prices and signing contracts; it consists of navigating the complexities of family relationships, emotion
Are you considering adding a mother-in-law suite to your home and wondering how much value it will add to your property? When it comes to how much a mother-in-law suite is worth, you must consider how the space is permitted, how much square space you're adding to the property, what comparable properties are valued, and the demand for homes with
One of the first steps to invest in real estate is securing financing. Once you have a clear understanding of your loan source and repayment terms, you can set a budget for renovations and rental fees. One common question that investors ask is whether they can work with the Small Business Administration (SBA) to secure an investment property l
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