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What if I got a new contract that I couldn't complete because of injury.? Does that count.?

Hopefully it's WAY off $15000 closing costs on a cash out equity loan? Nope not paying that much in closing costs.

So hard to buy in Merrimack aswell

this was helpful

Great video! If I’ve been self employed for 9yrs, what is the likelihood that I only have to use 1 years worth of tax returns ?

I wish they could have shown the return to see what they were looking at, and blurred out the applicant’s name.

How to prove sole proprietorship income to qualify for mortage???

Lets say a business has been around for 2 years but the owner only took Schedule K distributions the first year and then the second year, they have a w2 and schedule K income from their S Corp. Can you use that one w2 as part of the second year income?

Terrible!

My LO hasn't been very helpful in my case. He sent me the preliminary CD and I noticed 3 fees that weren't on the LE also didn't include the 20% rebate but I signed it because I'm already a week late in closing. Is it normal to see additional fees on the preliminary that wasn't on the LE? I've informed him twice about the rebate, but he didn't reply back to me about it.

Omg, I'm so glad I found your channel and you have reassured me what I'm pondering because LO just sent me CD and I was stressing out over the numbers!

This video is good I just wish you could show on the forms what your talking about so I can see and compare.

HI SENSEI ED

Share the spreadsheet

As a new UW, I appreciate this video!!

The title says how to qualify. This is obviously a how to quantify video. NOT the same question at all!

What depression you can add back to increase amount on line 31? For example if I buy brand new semi truck 180k$ usually depreciation is 60k$ for 3 years, can I add those 60k$ to my total income?

Thanks for the informative video... Have a query.. If the ufmip on an fha loan is 4000 $ and the borrower pays 1000 from his pocket and gets 3000 added to the loan, what value will be mentioned in the closing costs section as a mortgage premium?

Is the standard to use Adjusted Gross Income (line 11 on Form 1040) or line 31? Doesn't line 31 include the standard deduction? I wouldn't want that to impact the income used to get a mortgage

How does traditional retirement contributions impact line 31 for a Schedule C 1040? I contribute a lot to retirement which is supposed to reduce my taxable income which isn't good for applying for a mortgage

wonderful! Become an online boss = *Promosm*!!!

Love this! Jacob is the best!

Trash hauling trash

Works for Sizemore motors wonder if they the ones who passed the truck with a snapped frame

Dudes a bum selling unsafe vehicles to a local kid for his first vehicle . With the frame improperly welded . Seemed trustworthy but definitely not the case

Wow Tnx

Thank you guys. This video is exactly what I needed as I am going through this process currently. I’m worried that I’ll put the wrong thing on my taxes and not get approved. When this happens do people go back and amend their taxes? Or would you just advise to come up with a larger down payment or improve credit?

John is the GOAT 🐐

Why do you subtract out the meals if they’re already an expense listed on line 24b which once subtracted you get your line 31. Why are you subtracting it twice? It is because you only deduct half in the beginning?

Great video, though I was under the impression that to qualify with only one year of taxes you also had to have over 720 credit score aside of the 5 years history of self employment.

Jen Bowles is the best at everything she touches.

What a great spotlight! When I’m ready to buy, I will definitely be reaching out to her! Thanks for the sharing!

Proud of you.

I didn’t know lenders promote other business 😂😂

Respect 🫡. “Yo, y'all lunching, punching the clock My function is to make much and lay back munching”- Jay Z Can’t knock the hustle .

Great video. I have a question. If you have a joint return but your spouses income needs to be removed since they are not on the loan is it common to subtract the business income/loss plus depreciation? or just the income/loss?

Neon is the most talented tattoo artist I have ever seen. She is friendly, down to earth, and so so so good at what she does!

If an Uber driver can you add back in millage that was used for deductions?

Great for you brother.

I appreciate this information. Thanks so much!!!

👏🏻👏🏻👏🏻👏🏻

Gael that’s what’s up!!!! 🔥🔥🔥🔥

I’m so proud of you my handsome nephew! 💜💜💜

Thanks for the introduction Matt & Premier Mortgage Lending!

I am privileged to have had the opportunity of working with you. always ez to get in contact at anytime of day super friendly and has a way of explaining things easily.

Great video. What about line 13. Can the depreciation be added to the net profit as more income.

"When I am not working in Real Estate, I am still working."

Yay!

Fantastic news Jen!!! Congratulations!🍾🌹🌹🙏♥️

Fantastic job Jenn!!