Finally some good news for self-employed clients and an important update on the appraisal process for conventional mortgages.
Most self-employed borrowers will find the documentation requirements for a mortgage just got easier as Fannie Mae and Freddie Mac have eliminated the need for an interim P&L statement for most clients.
In addition, they will also start to allow desktop appraisals for eligible transaction. It remains to be seen if that is a good thing or not. I talk about that in more detail in this weeks episode.
In the market for a home loan? Trust my team and I to deliver expert guidance and direction. You can find us online at https://www.danmoralez.com or at 616-931-4629.
Daniel J. Moralez
NMLS #709729
Equal Housing Lender
All loans subject to credit approval
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