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nostradamus
ParticipantI’m self-employed and have taken out two loans: one to buy my place (with Downey S&L) and another to refinance it when rates dropped (I got a fixed loan at 4.75% with Wamu).
A stated income loan (AKA liar loan) means they don’t look at documentation like tax returns, W2’s (self-employed don’t get those), and others. Being self-employed doesn’t mean you need to go with a “stated income” loan. You can provide tax returns, 1099 forms, bank records, and of course your FICA score.
As for “having no sympathy for the self-employed” I’m assuming you mean only the ones who write off things like xmas trees and other non-business related items. Although there is great temptation to do this, a self-employed tax filing is an automatic red flag for IRS auditors. I write off as many deductions as possible (home office, business-related travel expenses, etc) but do it all legally and have nothing to hide when the auditors come a’ knockin’. I leave the white-collar crime to our elected officials.
ParticipantBack on the original topic, I was reading this article just before reading your thread:
LONDON (MarketWatch) — Forget about China, the U.S. is the new hot spot for global firms looking for lower production and transport costs, increased supply-chain flexibility and a crack at wooing the world's most demanding customers.
ParticipantBack on the original topic, I was reading this article just before reading your thread:
LONDON (MarketWatch) — Forget about China, the U.S. is the new hot spot for global firms looking for lower production and transport costs, increased supply-chain flexibility and a crack at wooing the world's most demanding customers.
ParticipantBack on the original topic, I was reading this article just before reading your thread:
LONDON (MarketWatch) — Forget about China, the U.S. is the new hot spot for global firms looking for lower production and transport costs, increased supply-chain flexibility and a crack at wooing the world's most demanding customers.
ParticipantBack on the original topic, I was reading this article just before reading your thread:
LONDON (MarketWatch) — Forget about China, the U.S. is the new hot spot for global firms looking for lower production and transport costs, increased supply-chain flexibility and a crack at wooing the world's most demanding customers.
ParticipantBack on the original topic, I was reading this article just before reading your thread:
LONDON (MarketWatch) — Forget about China, the U.S. is the new hot spot for global firms looking for lower production and transport costs, increased supply-chain flexibility and a crack at wooing the world's most demanding customers.
ParticipantWord. This is the best forum topic and thread I’ve seen in months. Very informative Dave. I’m down w/ the SAC.
ParticipantWord. This is the best forum topic and thread I’ve seen in months. Very informative Dave. I’m down w/ the SAC.
ParticipantWord. This is the best forum topic and thread I’ve seen in months. Very informative Dave. I’m down w/ the SAC.
ParticipantWord. This is the best forum topic and thread I’ve seen in months. Very informative Dave. I’m down w/ the SAC.
ParticipantWord. This is the best forum topic and thread I’ve seen in months. Very informative Dave. I’m down w/ the SAC.
ParticipantSDCCU has ok rates but please post the rates you find so we can all open new CD’s.
ParticipantSDCCU has ok rates but please post the rates you find so we can all open new CD’s.
ParticipantSDCCU has ok rates but please post the rates you find so we can all open new CD’s.
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