Self-Employed Borrowers Need 2 Years?

Generally, self employed borrowers need 2 years self employment to meet home loan rules.  However, pretend you are superman and mortgage rules are steel.   Let's see how they bend! The challenge facing many self employed borrowers is the 2 year self employment history requirement.  While the 2 year rule is typically the standard, exceptions to it exist for self employed borrowers. Why is There a 2 Year Self-Employment Rule? The two-year rule for the self employed is fair in most cases.  … [Read more...]