Category: home-financing
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Bank Statement Loans Explained for Self-Employed Borrowers
If you work for yourself, you already know that the traditional mortgage process wasn’t designed with you in mind. Lenders typically qualify borrowers using W-2s and tax returns – two documents that tell a clean, linear story about income. For self-employed borrowers, freelancers, and business owners, the story is almost never that simple: The result? Qualified, creditworthy borrowers get turned down.…
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Why Today’s Mortgage Rates Aren’t as High as You Might Think
If you’ve been keeping an eye on the housing market lately, it’s easy to feel a bit of “rate shock.” After the record-breaking lows we saw just a few years ago, seeing numbers hovering around 6% can feel like a steep mountain to climb. At Perry Johnson Mortgage Company, we hear it every day: “Rates…
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Why Work With a Mortgage Broker Instead of a Mortgage Company?
Securing financing is one of the most consequential decisions in the homebuying process. Yet most buyers spend considerably more time selecting a property than evaluating who will structure their loan. That oversight can cost thousands of dollars over the life of a mortgage. When it comes to obtaining financing, many buyers default to a familiar…