Prosperity Lending: A Mortgage Solution for the Self-Employed, With Alejandro Szita
Business Creators Radio Show With Adam Hommey
English - July 05, 2022 14:03 - 52 minutes - 45.4 MB - ★★★★★ - 15 ratingsBusiness business entrepreneurship finance entrepreneurs entrepreneur health marketing leadership interview fitness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Business owners, artists and entrepreneurs tend to have unique financial flows and income and expense patterns. Additionally, because they have many deductible expenses, their tax returns do not always reflect their full financial picture. So, the hardest part is documenting income. Also, business owners’ financial documents take more time to analyze, and they require more […]
The post Prosperity Lending: A Mortgage Solution for the Self-Employed, With Alejandro Szita first appeared on Business Creators Radio Show with Adam Hommey.
Business owners, artists and entrepreneurs tend to have unique financial flows and income and expense patterns. Additionally, because they have many deductible expenses, their tax returns do not always reflect their full financial picture. So, the hardest part is documenting income.
Also, business owners’ financial documents take more time to analyze, and they require more attention to detail to evaluate and approve. Additionally, many lenders consider self-employed people to be “risky” borrowers (this is ironic because most business owners have an excellent payment history, even if they sometimes make their payments a little behind schedule).
Mainstream lenders and most independent mortgage broker are after the “low-hanging fruit” of mortgages for employed borrowers with perfect credit scores (this is about 30% of borrowers)—these are quick and easy to do by following what are essentially basic and routine procedures.
This is where Alejandro Szita comes in. Specializing in providing lending solutions to business owners, artists, entrepreneurs and self-employed professionals, Alejandro gets it.
He joins Adam to discuss:
Why the majority of the mortgage industry is not geared towards the self-employed borrower (business owners & entrepreneurs)
Why it’s more difficult to get a mortgage when you’re self-employed
How business owners can qualify for a mortgage
And so much more!
If you’re thinking of buying a house in the near future, then this is the show for you!
The post Prosperity Lending: A Mortgage Solution for the Self-Employed, With Alejandro Szita first appeared on Business Creators Radio Show with Adam Hommey.