self-employed buyers

How you get paid changes the paperwork your lender needs. A W-2 employee can often qualify with pay stubs, W-2s and a job check. A 1099 worker or business owner may need tax returns, business records and a closer review. That's the core difference in W-2 vs 1099 mortgage documents. Here's what most buyers miss, though. A 1099 alone doesn't tell the lender how much income you can use. First, the...