Where The American Entrepreneurial Dream Meets Custom Home Loan Solutions
The entrepreneurial spirit is as abundant as the vast Colorado sky here in Denver. Sadly, securing a home loan as a self-employed individual can be as challenging as it is crucial.
At The Barry Team, our financial expertise gives us the techniques we need to come up with mortgage solutions that transform challenges, like proving income as an entrepreneur, into home buying opportunities.
The Art of Income Calculation for the Self-Employed Borrower
Calculating self-employed income is an art form, nuanced and complex. Mortgage professionals must be versed in the straightforward world of W-2 incomes, yet many stumble when faced with the intricate tapestry of self-employment earnings. Business owners often have multiple companies and property investments, creating a diverse portfolio that demands expert analysis.
Cathy Barry, our team’s founder and principal mortgage broker, specializes in navigating through the intricacies of tax returns to identify and optimize self-employed income for mortgage purposes. She understands that the true financial picture of an entrepreneur is often much bigger and brighter than what their personal tax return might strategically suggest.
Success Story: From Understated to Upgrade
One of her clients showed earnings of only $46,000 per year on his tax return. Through Cathy’s expert eye, she saw the opportunity to recalculate and substantiate a household income of $186,000 annually. This pivotal recalculation enabled her client to not only secure a mortgage but also to upgrade to a home in their desired school district, opening doors to new financial opportunities and a better quality of life for the whole family.
Innovative Loan Structuring: Two Birds, One Loan
Cathy’s creative approach to financing doesn’t stop at income calculation. She offers loan solutions that fit each unique situation. For example, a client looking to purchase a new home before selling existing properties faced the daunting prospect of a jumbo loan with a significant down payment. With Cathy’s strategic financial planning, she engineered a solution involving a first and second mortgage, reducing the initial down payment requirement to just 10%. This flexibility meant the client could transition to their dream log home in the mountains with ease, using proceeds from subsequent property sales to payoff the second mortgage. Two birds, one loan!
The TBT Advantage: Financial Expertise Meets Entrepreneurial Insight
At The Barry Team, we recognize that self-employed individuals and entrepreneurs in Denver require more than just a loan—they need a partner who speaks their language. Our custom-tailored home loan solutions reflect a deep understanding of the entrepreneurial journey. From income assessment to loan structuring, our goal is to empower you to invest in residential property that fuels both personal and business growth.
We invite you to explore the potential of your financial future with The Barry Team. Our creative financing options are designed to match the complex needs of self-employed homebuyers and property investors. We understand the nuances of your financial picture, and we’re here to paint a clearer path toward homeownership and financial success.
Whether you’re looking to purchase your first home, upgrade to a space that better suits your lifestyle, or invest in the Denver real estate market, our team offers the entrepreneurially oriented mortgage solutions you’ve been searching for. With Cathy Barry and The Barry Team, you’ll find innovative loan options and a financial ally dedicated to your aspirations.
Experience the difference of a mortgage broker who understands the essence of entrepreneurship. Connect with us today and discover how we can assist you in securing a home loan that acknowledges and embraces your self-employed status. The Barry Team is more than a mortgage brokerage; it’s where Denver’s entrepreneurial dreams find a home.