15 Must Ask Questions For Your Contractor » Mortgage Masters Group

The reasons why contractors struggle to obtain a mortgage are rarely to do with their contracting status. The contractor occupation is no barrier to mortgage applications. Contractors only encounter issues as a result of factors such as an impaired credit rating. Here is a list of the top frequently asked questions received from contractors.

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Minimize the chances of getting a contracotr who does not make your job a priority. Here are 7 questions to ask before hiring a contractor. Home improvements can be costly. For many projects, we can help you save. Just visit the Home Improvement section of the Dollar Stretcher Library before you start that next project.

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Reader question: "What kinds of questions will the mortgage lender ask me when I apply for a home loan?" The lender will ask a variety of questions relating to your employment, income, assets and debts. Basically, if it has to do with your financial situation, the lender will probably ask about it.

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As an independent contractor a mortgage loan is not out of your reach. Because your income is variable, you’ll have to give your lender a comprehensive paper trail that may include 1099s, a profit and loss statement and a letter from your accountant. net income instead of gross may lower your DTI.

Knowing there are plenty of important questions you need to ask potential contractors isn’t a startling revelation to homeowners, but exactly which ones are crucial to the hiring process might be a bigger mystery. source: 15 Must Ask Questions For Your Contractor | HomeAdvisor

15 Must Ask Questions For Your Contractor | HomeAdvisor Working Well with Contractors: 15 Questions that Prevent Fraud and ensure satisfaction homeadvisor.com Knowing there are plenty of important questions you need to ask potential contractors isn’t a startling revelation to homeowners, but exactly which ones are crucial to the hiring.