Kenneth R. Harney, Hope Is On The Horizon For Homebuyers In Gig Economy

By Kenneth R. Harney Harneycolumn@gmail.comWASHINGTON — Here's some promising news for self-employed entrepreneurs, "gig" economy workers and small-business owners: There's a bipartisan push underway on Capitol Hill to make the home-mortgage process a lot easier for you. For years, federal lending rules have favored applicants with easily documentable incomes — people who can show underwriters pay stubs, W-2s and two years of steady income plus the likelihood it will continue. The same rules have made it more challenging for people who work for themselves, earn money at multiple jobs or have big seasonal swings in what they earn. Say you're a Lyft driver and you run a cash-intensive food truck business on the side.Read more on NewsOK.com

Topics:  kenneth r harney   harneycolumn@gmail    here   capitol hill   w-2s   newsok   gig economy   rules   earn   people   years   

 

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