Feb 6, 2022
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