A new mortgage option has been introduced to cater to borrowers with nontraditional sources of income such as self-employed workers. The goal is to provide more flexibility and accessibility to those who may not fit the traditional income profiles required by most lenders. This option aims to streamline the approval process and make it easier for self-employed individuals to secure a mortgage.
Key points:
– New mortgage option targets borrowers with nontraditional income sources
– Specifically designed for self-employed workers
– Provides flexibility and accessibility to those who do not fit traditional income profiles
– Streamlines approval process for easier access to mortgage financing
You can read this full article at: https://www.housingwire.com/articles/fannie-mae-adds-web-based-income-calculator-for-mortgage-originators/(subscription required)
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