How Can You Get a Mortgage If You’re a Freelancer?

home grid 01Being a freelancer, contract worker, gig worker, or anyone self-employed is more common and popular than ever right now. There are downsides, such as the lack of benefits like health insurance. At the same time, there are more upsides for many professionals who choose to work this way. Upsides include freedom and flexibility to make your own schedule, unlimited earning potential, and the ability to have the work-life balance that allows you to create your own lifestyle.  

There is an issue that can arise if you’re a freelancer or contractor, though. How do you get a mortgage? When you apply for a mortgage as a traditional employee, you’ll probably show your proof of income through your job, but it can be a bit trickier if you don’t have a traditional employer. You’re also going to face more scrutiny from lenders.

Keep Up with Relevant Documents

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Why Now Is A Great Time To Buy Your First House

coming homeThe coronavirus pandemic has put many things on hold, but real estate continues to chug along. Sales and listings persist across the country, with some markets harder hit than others. And home prices are rising, throwing a wrench in the plans of those who thought they might be able to swoop in for a steal. 

“Any thoughts of bargain-hunting in the aftermath of the coronavirus shutdown have proven to be a losing strategy,” said Forbes. “While it seemed likely that house prices would decline due to lack of sales activity, the opposite has occurred. According to recent statistics issued by Realtor.com, median listing prices are 5.6% higher than one year ago, and more than a full percentage point above the levels just before the COVID pandemic shut down the economy.”

But, interest rates are at historic lows, which stretches your buying power. “Buying now will give you an opportunity to lock-in the lowest mortgage rates in history,” they said. “Though it’s possible mortgage rates can fall even lower from here, there’s no way to know that will happen. But what we do know for certain is that interest rates are better now than they’ve ever been, making buying now more compelling than ever.”

If you’re considering buying your first home right now, here are the questions you’ll want to ask yourself.

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How To Choose The Right Home For You…and Your Dog

Man dogData over the last several years shows that millennials are largely driven in their real estate purchase not necessarily by proximity to work or readiness for marriage and kids, but, instead, by their desire to provide a nice environment for their dogs. Sometimes, people are awesome.  If you’re one of those people that are looking to move in order to create a welcoming home environment for your dog, or a dog you plan to bring in, here are a few things to look for.

A workable floorplan

Read more: How To Choose The Right Home For You…and Your Dog

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