Self Employed Borrowers seeking a Loan modification

Underwriters will want to see clearly what is being used as business expenses

, so in other words do not include your personal home cable, internet, and food as business. It is however, different if you work out of your home, but use common sense after all the underwriter is still going to look at your business and personal tax returns. The lenders do have to follow the HAMP guidelines to determine if you may qualify for the Home Affordable Modification program or any one of the governments housing loan modification programs.

Self Employed Borrowers seeking a Loan modification

By: Professor Loan Mod

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