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16 March 2017 | 0 replies
The Fed cited its dual mandate of achieving maximum employment and price stabilization as supporting its decision to raise rates, but stated that actual decisions to raise the federal funds rate are based on close readings and information about global and domestic economic developments; future decisions could be impacted by emerging economic factors.
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7 April 2017 | 80 replies
I'm in a classic dilemma:Strong credit 740+Net worth >$2.2M (primarily in equity, so not easily liquid)Great track record in real estateSelf- Employed in same industry/field for many years, with YoY growth in income.Almost no revolving debt (two car payments and varying credit card balance, but minor)Tax returns UNDERSTANDABLY write off as much as possible (income looks low), so QM lenders can't read between the lines.Debt/Income ratio is high (55%) when considering tax returns as the source our net income and then mortgage payments on my 4 properties (not apples to apples).Asset based qualification seems to be a rare process?
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16 September 2022 | 7 replies
I know the difference between GROSS and NET, but my NET income has a deduction of contributions to my employer IRA fund so I think I'd add that back into the NET amount, right?
26 December 2021 | 4 replies
The agent needs to agree to reduce their commission.This strategy is often employed by agents/brokers when they buy properties for themselves.
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22 September 2016 | 8 replies
Verifying employment, verifying pay stubs are real (yes I have seen counterfeit ones before), credit checks, eviction/judgement records, criminal background check and last but not least, a written rental verification from their previous landlord.Feel free to reach out to me with any questions and/or advice.
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12 October 2016 | 3 replies
Friday, it came out of underwriting and they said to have the buyers do one more verification of employment since it's been so long.
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19 July 2018 | 4 replies
My situation is unique so I'm seeking some specialized advise.Details :Property is a 3 family in Northern, NJ 1st time home-buyerIt will be my primary residenceI am self employed so my tax returns are funky and inconsistentAdditional Info:Weichert seems to be the only company that does this, however I hear they are horrible to work with so I am looking into other options.
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25 June 2013 | 20 replies
He asked his hiring manager to give me details of employment etc.
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15 November 2022 | 5 replies
Most flaws come from the process a employer has, not the employee
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23 August 2019 | 0 replies
That being said, I fortunately have the means to close on two properties and I'm wondering whether it makes more sense to maximize my income and real estate purchasing qualifications (e.g. consistent employment, income, etc.) now versus trying to acquire my second property whilst in a new career with less income.