Finally some good news for self-employed clients and an important update on the appraisal process for conventional mortgages.

Most self-employed borrowers will find the documentation requirements for a mortgage just got easier as Fannie Mae and Freddie Mac have eliminated the need for an interim P&L statement for most clients.

In addition, they will also start to allow desktop appraisals for eligible transaction.  It remains to be seen if that is a good thing or not.  I talk about that in more detail in this weeks episode.

In the market for a home loan?  Trust my team and I to deliver expert guidance and direction.  You can find us online at https://www.danmoralez.com or at 616-931-4629.

Daniel J. Moralez
NMLS #709729
Equal Housing Lender
All loans subject to credit approval