Category Archives: Income limits

Qualifying for a mortgage while you’re self-employed


Qualifying for a mortgage while you’re self-employed. via Qualifying for a mortgage while you’re self-employed.  www.mylouisvillekentuckymortgage.com   Contact Me for a FREE Mortgage Consultation   Ready to Apply for your Mortgage?    There is no denying that the mortgage borrowing landscape is changing. One of the product lines that saw repeated revisions was the self-employed mortgage […]
Read More »

Underwriting rules stacked against independent contractors | Inman News


Underwriting rules stacked against independent contractors | Inman News.

Kentucky Mortgage Approval Process | How much income do I need qualify for Kentucky Home


Lender’s Criteria: Debt-to-Income Ratios From a Kentucky Mortgage lender’s perspective, your ability to purchase a home depends largely on the following factors:  Front-End Ratio The front-end ratio is the percentage of your yearly gross income dedicated toward paying your mortgage each month. Your mortgage payment consists of four components: principal, interest, taxes and insurance (often collectively referred to asPITI) (see Understanding the Mortgage […]
Read More »