HomeGain on Facebook HomeGain on Twitter HomeGain on LinkedIn HomeGain on YouTube

what's the best option for indep contract worker?

working this position for little over 1 year with $10/hr base pay and commission with residuals totaling over $4k per month.
By carondelet_k-598992 from IA Mar 24th 2014
Powered by:

Searching Today's Rates...

It sounds like you have at least or close to 1 year commission on your last years taxes. I can assist you with financing. I am in WDM. Feel free to give me Justin OlsonLicensed Senior Loan OfficerRedRock Mortgage515-225-3100 ext 109Justin@iowamortgagepro.com

Mar 24th 2014

You will need a two year history of commissions to be able to use it as income. My advice would be to wait 2 years so you can use the income. You should speak with a local pro and go over your entire scenario and they will give you all your options.

Mar 24th 2014

If your previous job was in the same industry, you may be able to use your 1040 income, line 37, in order to qualify.

Mar 24th 2014

hello, There are options for less than 2 years commission income. It really depends on all the details of previous work, previous pay structure, etc. Make sure you deal with an experienced lender able to sort the details of this for you. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Mar 24th 2014

need to know previous position / industry type as well as pay structure. 1 yr is possible but again it depends on the overall stability of income sources and how you have handles your credit since making the switch as well as whether you are making more or less now. also best to see if can qualify with previous income numbers if they are lower than now as they may look to only take your current base pay, worst case.Lending nationwide.

Mar 24th 2014

Featured Mortgage Advisor


HomeGain offers free real estate tools and services to compare real estate agents, research home prices, and view homes for sale, foreclosures, new homes, and rentals. HomeGain provides real estate information including articles on home buying, home selling, and mortgage rates. HomeGain's quarterly home values surveys are a hit with the top media sources, realtors, and home buyers and sellers. Did you know, HomeGain pioneered the original online home value estimates tool back in 1999?