Are you a self-employed individual or an independent contractor in Hawaii struggling to secure a mortgage due to unconventional income? Look no further! Here at C2 Hawaii, we understand the unique challenges faced by those on a 1099 income, and we have designed a mortgage solution tailored just for you.
What is the 1099 Income Loan by C2 Hawaii?
Our 1099 Income Loan is specifically crafted for borrowers who receive compensation on a 1099 basis, making it easier for freelancers, contractors, and other self-employed professionals to achieve their dream of homeownership. Here’s how we make the process straightforward and beneficial for you:
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For 1099 Paid Borrowers: If your income doesn’t fit into the traditional income mold, our loan program is designed to accommodate your unique financial situation. No more being turned down because your income isn’t ‘conventional’.
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1099 Income Minus Expenses: We calculate your qualifying income by considering your 1099 income after subtracting your business expenses. This approach ensures that you’re not penalized for expenses that appear on your tax returns that might not be recurring.
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Simple Profit & Loss (P&L) Statement: To streamline the process, we require just a basic P&L statement to verify your business expenses. This reduces the paperwork and complexity often associated with mortgage applications for the self-employed.
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No Tax Returns Required: One of the most significant benefits of our 1099 Loan is that we do not require your tax returns. This means no more waiting for tax season or worrying about how deductions might affect your loan eligibility.
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Refinancing Options: Whether you’re looking to lower your interest rate, change your loan term, or need a cash-out for personal or business use, our refinancing options are open to you. Enjoy rate and term refinancing or cash-out refinancing with ease.
Why Choose C2 Hawaii for Your Mortgage Needs?
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Hawaii’s Mortgage Experts: As a full-service mortgage broker in Hawaii, we leverage our deep understanding of the local market to secure you the best mortgage rates and terms.
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Personalized Service: We pride ourselves on providing personalized service tailored to your specific financial situation. Our team is here to guide you through every step of the mortgage process.
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Competitive Rates: With access to over 100 wholesale lenders, we ensure you get competitive rates, making homeownership or refinancing more affordable.
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No Upfront Costs: We believe in transparency and affordability, which is why we offer no upfront costs on our services, making your journey to homeownership smoother.
Getting Started with Your Mortgage
Ready to explore how C2 Hawaii can help you secure your next home or refinance your current mortgage? Here’s what you need to do:
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Assess Your Income: Gather your 1099 forms and prepare a simple P&L statement.
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Contact Us: Reach out to our team for a consultation. We’ll walk you through the process and discuss the best mortgage solutions for your needs.
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Application: Use our seamless online application process to submit your loan request, and we’ll handle the rest.
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Close Your Loan: With our dedication to fast service, we aim to close your loan quickly, ensuring you can move into your new home or enjoy your refinanced terms without delay.
Conclusion
At C2 Hawaii, we’re committed to making home financing accessible for everyone, including those with 1099 income. Don’t let traditional mortgage obstacles stand between you and your homeownership dreams. Contact us today to learn how our 1099 Income Loan can open the door to your new home in Hawaii. Let’s make your home buying or refinancing experience as smooth and stress-free as the Hawaiian breeze!
Contact our team of local experts at C2 Hawaii to explore your options today: Contact Us
