Comments on: 1099 Income Makes You Self-Employed http://www.azmortgageguru.com/1099-income-makes-you-self-employed/ Mon, 20 Jun 2011 00:09:25 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Daryl Bannister http://www.azmortgageguru.com/1099-income-makes-you-self-employed/comment-page-1/#comment-3209 Daryl Bannister Sat, 20 Jun 2009 18:58:32 +0000 http://www.azmortgageguru.com/1099-income-makes-you-self-employed/#comment-3209 Well, I got lucky and received an offer from a company that provides me a salary, benefits and commission. I thank God I am one of the lucky ones! Well, I got lucky and received an offer from a company that provides me a salary, benefits and commission. I thank God I am one of the lucky ones!

]]> By: Shailesh Ghimire http://www.azmortgageguru.com/1099-income-makes-you-self-employed/comment-page-1/#comment-3118 Shailesh Ghimire Fri, 22 May 2009 21:41:51 +0000 http://www.azmortgageguru.com/1099-income-makes-you-self-employed/#comment-3118 Daryl, The abuse of stated income loans is really too bad since there is actually a need for that kind of loan for the type of situation you mention. Hope things look up for you soon though! <abbr><em>Shailesh Ghimire´s last blog post..<a href="http://www.socialmediawiz.com/the-coming-social-media-bust/" rel="nofollow">The Coming Social Media Bust?</a></abbr></em> Daryl,

The abuse of stated income loans is really too bad since there is actually a need for that kind of loan for the type of situation you mention. Hope things look up for you soon though!

Shailesh Ghimire´s last blog post..The Coming Social Media Bust?

]]> By: Daryl Bannister http://www.azmortgageguru.com/1099-income-makes-you-self-employed/comment-page-1/#comment-3112 Daryl Bannister Fri, 22 May 2009 01:06:38 +0000 http://www.azmortgageguru.com/1099-income-makes-you-self-employed/#comment-3112 I have been in the computer industry as a sales person for 20+ years. I have always made $60K+ to a high of almost $100K. Last year I got laid off and it took me 12 months to find a job. The only job I could find was a 1099 arrangement for now. I have money to put down on a condo. I have the income $4K to $6K per month for payments. I have good credit and never had a foreclosure or bankruptcy. The new mortgage guidelines make it impossible for me to get a loan. I have contacted lots of lenders. They all say the same thing, "come back when you get an offer for a W2 job" and we will get you a loan and conditional letter of approval. Unfortunately, finding a salary based position today is almost impossible and if you are over 50, employers throw your resume in the waste basket as soon as you walk out of the room. Wall Street and Congress have ruined the American Dream. I cannot any longer own my home, I must rent. I cannot retire, so I must work until I die on the job. It just doesn't seem fair, but then who said life was fair? I have been in the computer industry as a sales person for 20+ years. I have always made $60K+ to a high of almost $100K. Last year I got laid off and it took me 12 months to find a job. The only job I could find was a 1099 arrangement for now. I have money to put down on a condo. I have the income $4K to $6K per month for payments. I have good credit and never had a foreclosure or bankruptcy.
The new mortgage guidelines make it impossible for me to get a loan. I have contacted lots of lenders. They all say the same thing, “come back when you get an offer for a W2 job” and we will get you a loan and conditional letter of approval. Unfortunately, finding a salary based position today is almost impossible and if you are over 50, employers throw your resume in the waste basket as soon as you walk out of the room. Wall Street and Congress have ruined the American Dream. I cannot any longer own my home, I must rent. I cannot retire, so I must work until I die on the job. It just doesn’t seem fair, but then who said life was fair?

]]> By: Arizona Mortgage Guru » Is Your Subprime Mortgage Interest Rate Frozen? Here Are Five Things You Must Do NOW! http://www.azmortgageguru.com/1099-income-makes-you-self-employed/comment-page-1/#comment-1208 Arizona Mortgage Guru » Is Your Subprime Mortgage Interest Rate Frozen? Here Are Five Things You Must Do NOW! Fri, 07 Dec 2007 09:01:52 +0000 http://www.azmortgageguru.com/1099-income-makes-you-self-employed/#comment-1208 [...] mindful that if you become self-employed then lenders will want to see a two year history in this new profession before they extend credit. They [...] [...] mindful that if you become self-employed then lenders will want to see a two year history in this new profession before they extend credit. They [...]

]]> By: Arizona Mortgage Guru » “What is the Interest Rate Today?” - Good Question http://www.azmortgageguru.com/1099-income-makes-you-self-employed/comment-page-1/#comment-1149 Arizona Mortgage Guru » “What is the Interest Rate Today?” - Good Question Fri, 30 Nov 2007 14:14:04 +0000 http://www.azmortgageguru.com/1099-income-makes-you-self-employed/#comment-1149 [...] can say something and put my reputation on the line. I need to know things such as wheter you’re self employed or if you’ve had a bankruptcy in the past two year or if you’re a first time home buyer etc.. [...] [...] can say something and put my reputation on the line. I need to know things such as wheter you’re self employed or if you’ve had a bankruptcy in the past two year or if you’re a first time home buyer etc.. [...]

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