Self Employed Mortgage Loan – Getting A Mortgage When You’re Self Employed

Written by Carrie Reeder

Continued from page 1

B. Do a stated income or no doc loan – These types of loans are done all ofrepparttar time, where you need no proof of income, you only state on a form what your income is, and you do not need to verify it. This can help if you are self employed and want to state your income as it is and not worry about havingrepparttar 148745 lender average out your income fromrepparttar 148746 last two years instead. Make sure you are accurate in stating your income, becauserepparttar 148747 lender may be able to obtain past taxes fromrepparttar 148748 IRS to confirm it. When you do a stated income loan, this will put more emphasis on your down payment or credit score. So, you will usually need one of these factors to be strong if you want to go this route. Most ofrepparttar 148749 time when you do a stated income or no doc loan, you will be charged a slightly higher interest rate because ofrepparttar 148750 extra riskrepparttar 148751 lenders carries.

C. Put together a profit & loss statement stating accurately stating your profits and expenses fromrepparttar 148752 last two years. This can be a time consuming project, but it can sometimes be used as income verification for a lender. It is more usable if you have had it signed or verified by your accountant.

There are many ways that lenders can work with you if you are self employed. There are many programs available to help you and if you have a down payment or decent credit, you are almost guaranteed to be able to get approved somewhere.

To see a list of recommended mortgage loan companies online, visit this page: - Carrie Reeder is the owner of ABC Loan Guide, an informational website with articles and more about various types of loans.

Option Trading Tips - LEAP Into Future Profits!

Written by James Thomas

Continued from page 1

By doing this you will effectively be getting cash back on your investment every single month that you hold your LEAPs.

Overrepparttar long-term this will not only offsetrepparttar 148729 time-decay of your LEAPs, but also offer you some downside protection, shouldrepparttar 148730 stock go inrepparttar 148731 opposite direction that you want it to.

This is known as a Calendar Spread and is a much more conservative way of speculating with LEAPs.

Important: Ifrepparttar 148732 stock rises above your sold strike price for your current month Calls or below your sold strike price for your current month Puts, then you risk being assigned/exercised.

You should never allow this to occur becauserepparttar 148733 moment you are assigned you will lose whatever time value is left on your LEAPs.

It is far better to close outrepparttar 148734 trade for a profit by buying backrepparttar 148735 sold option and selling your LEAPs for an overall profit or simply holding your LEAPs and then writing (out ofrepparttar 148736 money) options against them forrepparttar 148737 next month.

Click here for more information about LEAP option trading.

About The Author

James Thomas is a successful private option trader and has created http://www.option-trading as an informative no-nonsense resource full of useful tips and information designed for option traders to improve their trading results.

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