How Does Home Equity Loan Qualification Works If You’re Self Employed? « Real Estate Mortgage Loan Refinacing

How Does Home Equity Loan Qualification Works If You’re Self Employed?

I am self employed and want to get qualified for home equity loan. What are the qualifications lenders look at. What do I need to show them and have?
Been trying to find out on the net, but can find any good resources. If you know any and dont mind sharing would be awesome.
Thanks!!!

Tags: Does, Equity, Home, How, Loan

This entry was posted on Sunday, May 3rd, 2009 at 10:00 am and is filed under Home Equity Loan Q&A. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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One Response to “How Does Home Equity Loan Qualification Works If You’re Self Employed?”

How to start a Garden says:

May 3, 2009 at 6:00 am

You will most likely be required to show two years of IRS filings to prove income. Everything else is basically the same as applying for a first mortgage – house appraisal, savings/checking account statements, credit reports and scores, etc.

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