Self Employed? Options to Access Your Home Equity
Self-Employed? A Traditional HELOC May Not Be Your Only Option
Having substantial equity doesn't always mean qualifying for a traditional HELOC is simple.
For self-employed homeowners, business owners, and others with nontraditional income, standard documentation may not tell the whole financial story.
That's where an Alternative-Documentation HELOC may be worth exploring.
Depending on the program, alternative methods may be available to document qualifying income rather than relying exclusively on traditional W-2 or tax-return documentation.
These programs can provide additional flexibility, although rates, fees, and other terms may differ from traditional HELOC options.
The important thing is knowing there may be another option before assuming you don't qualify.
Want to compare your home equity options? Give me a call.
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Robert βRobβ Clark | Home Loan Consultant
Firestone Financial Group
209-227-7745
robertclarkloans.com
NMLS #357788 | Firestone Financial Group NMLS #301522
CA DRE #01148307
Proudly serving the Central Valley and all of California.
Advertising Disclosure: Programs, rates, fees, terms, and eligibility requirements are subject to change. Not all borrowers will qualify. Home equity financing is secured by your property. This information is for educational purposes only and is not legal, tax, or financial advice.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.