Profile picture for Zac Henderson

Zac Henderson

Lender

Mortgage Banker (10 years experience)

Specialties:
Purchase Loan,
Refinancing,
Home Equity,
Home Improvement Financing

Advice

  • (1 Contributions,
  • 0 Best Answers,
  • 2 Helpful)

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Self Employment and the Home Loan?

Response

@ rockinblu - your son may want to consider a Security Based Loan. He could take the profit from the sale of his house and put it into the market so that he could pledge securities in order to get a loan. The rates are 2.5% to 4.5% fixed interest-only and are paid quarterly. We can lend up to 80% of the value of what was pledged. It takes about 2 weeks to get the loan and there are no income or employment verification requirements

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