All Forum Posts by: Brit Sharon

We are looking to Refinance our primary. Would love to find someone who can offer competitive rates and we would build a relationship with as we buy more properties.

In the past we’ve dealt with people just dragging their feet and not getting back to us for weeks on end and so I’m reaching out for someone new.

We are both W2 employees so I think it’s pretty simple.

Thanks for the referrals.

@Todd Wheatley thanks for the actionable items.  

@Ken Nyczaj sorry for the delayed response, I need to check my notifications more often when I post something. :/ 

Okay. So it sounds like its a problem for everyone which kinda makes me feel better. It validates I wasn't as confused as I thought. Thanks.

Hi Everyone,

I hope I don't sound stupid asking this but how does everyone who is self-employed qualify for a loan? I'm a web designer and after reading Rich Dad Poor Dad, I made an S-corp and funnel most of my expenses through my business like he says in the book but now my income looks like I only make ~$32k a year. In addition, I have a $680k mortgage on my primary home so my debt to income ratio doesn't help me.  For those who are self-employed, how do you qualify for a loan? Additionally, I'd also like to refi my primary home to lower the interest rate, but I was told by the loan officer who helped me with my primary home that because of my debt to income ratio, I wouldn't qualify for a refi.

Just a little bit of context: I live in Los Angeles and am looking to invest out of state in homes around $100k-$130k so that's the loan amounts I'd be seeking.

I appreciate the help and look forward to learning from the community.