Self Employed & Also Employed by Another Company? Some of my clients work a full- or part-time job and own their own company. Did you know that conventional home financing options will allow us to disregard a business loss if you qualify for a loan with your non-self-employed income? This is a common scenario, as many people start out working full time while building their own company. Let’s talk about your situation and work out a plan to purchase or refinance your home!
Related Article Title: When Does a Business Loss Need to be Counted? Question: Are we required to count a business loss against our borrower from their 1120 (C-Corp) schedule? Answer: The answer is yes and no. If the borrower has a full-time job outside of self-employment, then both Fannie and Freddie allow you to disregard […]