Fixed vs Adjustable Rate Loans for Self-Employed Borrowers: Key Differences Explained
Fixed rates run 0.5–1.5% above initial ARM rates right now — a real cost difference when self-employed income docs can already shift your rate by 1.5 points.
Tag self-employed mortgage
What Gig Workers and Freelancers Get Wrong About Qualifying for a Low Mortgage Rate
Lenders average 24 months of net income after deductions — not your gross earnings. Here's why that costs gig workers 0.5–1% more and how to fix it.
Should You Choose a Portfolio Loan When Conventional Mortgage Rates Shut You Out?
Portfolio loan rates run 0.5%–1.5% above conventional—but for self-employed borrowers or investors who can't meet agency guidelines, that premium may be worth it.
How a Second Job or Side Income Changes the Mortgage Rate You Qualify For
Lenders require a 24-month history before side income counts toward your mortgage — without it, that extra money is invisible to underwriters and won't lower your rate.