Very quick, great update. And then a loan program. Mortgage rates dropped about a quarter percent across the board this week. They’re up and down a little bit, but it ended up really nice. That was a little bit of a victory. Now, let me tell you about a client call I had yesterday.
I have a niche for self-employed business owners, so a lot of small and medium sized business owners try and take advantage of tax deductions and any write offs they can. That typically results into income tax returns that may not reflect their true income. If they show enough income on the tax returns, everybody can do the loan, but a lot of them don’t.
And I have three different lenders that will look at self-employment income a little bit differently. They might look at their business, banks, things for deposits. They might look at a profit loss statement. They might look at assets that they have. Now, it doesn’t necessarily calling the same low interest rate, but it’s typically an interest rates are still palatable and available for a self-employed business owner.
If you are self-employed or you have a client self-employed and you want to find out what type of mortgage is available. Reach out to me any time.