Interest rates aren't based off of your employment but rather other factors of your desired loan.Give me a call and I can talk you through the home loan process.-Josh Lund Branch Manager, Gold Star Mortgage
Interest rates are not based on how you get your income. it's based on your credit scores, loan to value, property type, occupancy, etc.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347
Same as anyone else with the same type of loan, credit score, and down payment. Salaried, hourly, self-employed has no bearing on interest rate. On the other hand, if because of your self employment, you can't get a traditional loan, and need something non-traditional... That may skyrocket your rate.
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