Thank you for this video! It was very helpful. I only have one question. You mentioned that even volunteer work can count for employment, but I am confused. How so, if I did not get paid for taking care of my child but now I do, Could that be considered volunteer work?
Hi Alyssa! Volunteer work can fill in your "employment" history if it's relevant to a new job. Let's say you volunteer doing bookkeeping for a non-profit and then you get a job as a bookkeeper. Think about your resume: What would you include on a resume to demonstrate you have experience and should be hired for a job? I usually don't think of the (very important!) work you do as a stay-at-home mom as part of employment history we can lean on. Maaaaybe if you are starting work at a daycare provider or preschool teacher, we could try to make a case. But more than likely we'd need to go further back in time and demonstrate school, work or volunteer history prior to your time at home with the kiddos.
@@alyssaamos8201 You're welcome! If I can help with anything else (like helping you get a loan 😆), just let me know. You can reach me at 503-799-3711 (call or text).
Does every person needing a loan need to have a job working for a company or can they be a landlord and own four or five houses and just have cash flow for an income to qualify?
Hi there Lillith! Income for loan qualifying can come from all sorts of places. This video focuses (mostly) on income from employment-based sources, but income from rentals, investments, retirement, disability, trusts and more are allowed. Rental income is calculated in an interesting way. In this video: ruclips.net/video/_Awv_8IlNDE/видео.html at the 15:55 mark, I talk about how we figure rental income for loan qualifying. If (figured this way) rental income generates enough positive cash flow, then you can use just it to qualify for a loan. If you have other questions or want to talk through your own situation, I'd love to connect! You can email me at juleef@rate.com or text or call me at 503-799-3711. Seriously reach out any time!
Very good Julee ! And a thorough wrap up at the end.
Thanks, Mary!!!
So helpful! Thank you ❤
You're very welcome! If you have any questions, just let me know! You can reach out to me any time at 503-799-3711 (text or call) or juleef@rate.com.😄
Thank you for this video! It was very helpful. I only have one question. You mentioned that even volunteer work can count for employment, but I am confused. How so, if I did not get paid for taking care of my child but now I do, Could that be considered volunteer work?
Hi Alyssa! Volunteer work can fill in your "employment" history if it's relevant to a new job. Let's say you volunteer doing bookkeeping for a non-profit and then you get a job as a bookkeeper.
Think about your resume: What would you include on a resume to demonstrate you have experience and should be hired for a job?
I usually don't think of the (very important!) work you do as a stay-at-home mom as part of employment history we can lean on.
Maaaaybe if you are starting work at a daycare provider or preschool teacher, we could try to make a case. But more than likely we'd need to go further back in time and demonstrate school, work or volunteer history prior to your time at home with the kiddos.
@workshopmortgage thank you
@@alyssaamos8201 You're welcome! If I can help with anything else (like helping you get a loan 😆), just let me know. You can reach me at 503-799-3711 (call or text).
Thank you.
You’re more than welcome! 😁
Does every person needing a loan need to have a job working for a company or can they be a landlord and own four or five houses and just have cash flow for an income to qualify?
Hi there Lillith! Income for loan qualifying can come from all sorts of places. This video focuses (mostly) on income from employment-based sources, but income from rentals, investments, retirement, disability, trusts and more are allowed.
Rental income is calculated in an interesting way. In this video: ruclips.net/video/_Awv_8IlNDE/видео.html at the 15:55 mark, I talk about how we figure rental income for loan qualifying. If (figured this way) rental income generates enough positive cash flow, then you can use just it to qualify for a loan.
If you have other questions or want to talk through your own situation, I'd love to connect! You can email me at juleef@rate.com or text or call me at 503-799-3711. Seriously reach out any time!