Straight talk on mortgages from a loan officer who's done it for 10+ years.
Most mortgages qualify you based on your own income. Pay stubs, tax returns, a debt-to-income ratio calculated against your personal finances. That works fine for a primary residence. It works a lot less well when you're buying a rental property and your personal income has nothing to do with whether the deal actually makes sense.
If you're self-employed, you already know the frustration. You have a good business, money in the bank, and a strong credit score — but every time you talk to a lender, they look at your tax returns, see a small net income after all your write-offs, and tell you that you don't qualify for the loan you know you can afford.
If you've been turned down by a big bank or told your income is "too complicated," you may have heard someone mention portfolio lenders. But what does that actually mean — and could one be the right fit for your Massachusetts home purchase or refinance?
Talk to Nate directly — no forms, no call centers, no runaround.