Being A Subcontractor And Getting A Mortgage
I am thinking about taking on a job with a firm. If I get hired by them, I will be a subcontractor. When I go to purchase a house later this year, how will that effect my qualifying? Is being a subcontractor the same as being self employed? Thanks!
If you are a sub that has to pay your own taxes then yes. If the company takes taxes, fica etc then they employ you
I have to do my own taxes. So what is the best way to go about getting a mortgage? Is the no-doc loan the easiest way?
Try for no-doc. I was able to refi no doc and got a great rate. Although be aware that sometimes no-doc can cause higher rates