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Monday, December 8, 2014

Self-employed find it's not easy to get a mortgage

Self-employed borrowers have a harder time getting a mortgage than their salaried peers, according to a new study. This is despite the fact that many such borrowers often earn higher incomes. The self-employed receive 40 percent fewer loan quotes than the average would-be borrower. The reason for this percentage is lower credit scores and more complex paperwork to verify income.

Read More - http://www2.realtoractioncenter.com/site/R?i=zaV1PmwRZzRm1-aJrxhZtQ

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