Getting a Mortgage as a Freelancer in Atlanta

How To Get A Mortgage As A Freelancer in Atlanta

Trying to get a mortgage as a freelancer comes with its own set of challenges. Being a freelancer is a tough enough row to hoe (chiefly because of the many hats you have to wear) without the added burden of trying to convince a lending institution to give you a loan for a house. It’s certainly not impossible to get a mortgage as a freelancer.

You just have to understand the process, have the necessary documentation, and be prepared to jump through the hoops. So here are some vital tips on how to get a mortgage as a freelancer in Atlanta.

The Tallest Hurdle

There is one fairly tall hurdle you’ll have to overcome to get a mortgage as a freelancer in Atlanta. And that is the difficulty posed by not having proof of a stable, regular income and steady employment, as you would with a job. The simple fact is . . . lenders are hesitant to extend mortgages to those who are self-employed because they see them as greater risks.

Necessary Documents

In order to overcome this greater-risk hurdle, then, you’ll need plenty of documents so show that, although your income fluctuates as a freelancer, you aren’t a risk after all. Some mortgage brokers offer bank statement only loans. So, instead of W2 forms to verify income, here’s what you’ll need:

  • Previous two years’ tax returns (at a minimum), including Schedule C tax form and Schedule K-1 (for partnership or S Corp)
  • Bank statements, usually for at least the past six months
  • Year-to-date profit/loss statements
  • Business license from the past two years  (but only for certain kinds of freelancers)
  • Verification of employment from your CPA (often, but not always)
  • Verification letters from clients proving that you actually worked for themselves

Steps to Get a Mortgage in Atlanta

Then there is a fairly well-established process you’ll need to follow to get that mortgage. The major steps in this process are . . .


All your necessary tax documents must be in order and absolutely must be accurate. Then have all the other essential business documents (listed above) organized and ready to turn over to the lender. Your goal is to show that your freelancing business is legitimate, profitable, and sustainable and so little risk to the lender.


Make sure you have separate bank accounts – one for personal matters and one for business expenses. This will make it easier for the lender to track business expenditures and deposits in order to assess the profitability of your business.


Do everything you can to illustrate the fact that your freelancing business makes increasingly more money from year to year. Proving business growth will increase your odds of getting that mortgage.


Experts agree that coming to the table with a sizable down payment will show that you are much less of a risk as a borrower.


Tax and real estate experts also advise giving up some tax deductions in order to make your taxable income appear greater, which may allow you to qualify for a larger loan.

Learn About – Generate More Money for Your Down Payment


Because it’s a little more difficult to get a mortgage as a freelancer, it’s a very good idea to get loan approval before even thinking about house hunting. Then, when you do get an agent and begin actively shopping, you’ll know exactly what you can afford and that you can actually get the financing.

The Most Important Tip for Freelancers to Get a Mortgage in Atlanta

Now, we understand that all this can seem a little daunting to an already busy freelancer just to get a mortgage in Atlanta. But you can get expert help to ease the burden and provide guidance for navigating through the whole process.

Are you ready to buy a Atlanta house? We can help! Send us a message or give us a call today!

Buying a Home in Atlanta

Buying a home can be a thrilling, exciting new chapter in your life, as well as being a sound investment. But if you don’t do some critical things beforehand, it can be a long-term financial albatross around your neck. That’s why we want you to take a careful look at these 5 things to do before buying a home in Atlanta.

Determine Whether You Can Really Afford All the Costs

The very first thing you should do before buying a home in Atlanta is to determine whether you can really afford all the costs of homeownership. There is, after all, a lot more involved than the purchase price.

In addition to mortgage payments, property taxes, homeowner’s insurance, and (perhaps) homeowner’s association fees, there are all those inevitable maintenance and repair costs. To cover all this, financial experts recommend that you set aside every year at least one percent of your home’s sale price to cover maintenance and repairs.

So if you purchase your new home for $100,000, you’ll need to put back at least $1,000 every year. You may go a few years without having to spend any of it, but there will come a time when some major goes wrong, and you’ll need it.

Also See – Get a Mortgage as a Freelancer in Atlanta

Work on Credit Score and Get Pre-Approved

Because a higher credit score will get you better financing deals, working on your credit score is the next thing to do before buying a home in Atlanta. If, for example, your score is below 660 or 680, you’ll have to pay higher fees and come up with a much larger down payment. Ideally, you want to get your score up to 720 or higher.

Then, before you start house hunting, you should get pre-approved for financing. Doing so lets you know how much house you can afford ahead of time. It also tells sellers that you are a serious buyer and gives you more negotiating leverage.

Determine Whether Buying a Home Is Actually a Good Investment

No matter how much you fall in love with a certain home, it should also be a good investment. This means that you need to set aside emotional considerations and make some rational decisions before entering into the largest financial transaction of your life. That is, you need to determine whether the home you’re considering is actually a good investment for you.

There are two prime considerations here. Is the home located in an area where, historically, property values increase over time? Will there be, now or in the future, any major repair or renovation costs? If you get the right answers to these questions and you can buy the home at a reasonable price, then it is probably a good investment.

Consider How Long You Intend to Live There

A final thing you need to do before buying a home in Atlanta is to carefully consider how long you intend to live in the home. A house is not a very liquid asset, so if you don’t intend to live there for several years, maybe you should consider other options.

Real estate experts agree that you should intend to live in a home for a minimum of five years. That allows enough time for the property to increase in value. Then, if you do decide to sell, you’ll be more likely to recover the costs of the transaction.

Have you done the critical research and planning, keeping in mind these 5 things to do before buying a home in Atlanta? If you have, then you’re ready to buy that home and start your new life. And we have the experience and expertise help you achieve your dreams.


Securing a Home Loan in Atlanta

You’re ready to buy a house, you know you’ll need a large loan for that. If you’re like most of us, you’re just a little nervous about it – we all fear rejection of any kind. There are, however, several things you can do to increase your chances of getting the financing you’ll need. So here are 7 tips to help you secure a loan in Atlanta.

1. Improve Your Credit

The first step you’ll take to secure a loan in Atlanta is getting your credit score as high as possible. A score of about 620 is the recommended minimum, but with a higher score (700 and above), you will qualify more easily and get lower interest rates. A higher score can also help you get more financing so that you won’t have to come up with a high down payment.

2. Increase Your Savings

You will also have a better chance of securing a loan in Atlanta if you have a good amount of savings. The reason is that there a lot more costs and expenses than just the purchase price of the house – for example, property taxes and private mortgage insurance. And if you can show the lender that you have the wherewithal to cover these costs, they’ll be far more likely to loan you the money you need.

3. Know What You Can Actually Afford

This sounds obvious, but many people neglect to consider it. If you know exactly how much house you can afford when approaching your lender, you will, in their eyes, seem like a much better risk. There are many calculators available for this purpose, but the general rule of thumb is that your home should cost no more than 2.5 times your annual income.

4. Get Pre-approved

Pre-approval will let you know the range of what a bank will be willing to lend you. It will also show the seller that you’re a serious buyer.

5. Consider All Mortgage Options

When you want to secure a loan in Atlanta, keep in mind that you have several options. You’re not limited to just choosing between 15-year and a 30-year mortgage, a fixed-rate mortgage, and an adjustable rate mortgage. Choosing the option that best fits your unique situation, say, an FHA loan, will improve your odds of getting financing.

6. Be Patient, Then Pounce

You certainly should take plenty of time to shop and find exactly the right home that falls within your price range. Rushing is almost always counterproductive. But since you know what you can afford and you’ve been pre-approved, you should act fast once you’ve found the house you want. That way, neither the lender nor the seller will have time to have second thoughts and back out.

7. Jump Through the Final Hoops

Finally, be aware that there will be a lot of paperwork and a lot of hoops to jump through to secure a loan in Atlanta, especially near the end of the process. Your lender will have to have an appraisal and an inspection done before they can officially hand over the cash.

And if the appraisal falls short of the sale price or the inspection turns up major problems, you have to negotiate a lower price for the house. A title search will also have to be performed before you can close.

Dealing with banks and other mortgage lenders can be both intimidating and frustrating. But these tips to help you secure a loan in Atlanta should move you much closer to your home-owning goal.

If are ready to buy in Atlanta, send us a message now!

Getting help with Your Refinance in Atlanta

Sure, you can go out and find a refinance deal yourself. People who are looking to refinance shop for their own loan all the time, but they also miss out on the three key benefits of using an agent: ease of process, better deals, and speed.

If you need to refinance your house quickly, a mortgage broker may be the way to go. Why? Well, just consider these 5 things an agent can offer that will help you sell your house faster in Atlanta.

1. Experience

One of the most important things a mortgage broker brings to the table to help you refinance your house faster in Atlanta is experience. A local mortgage broker knows the market, knows the area and has experience working with others in the same area you do. Not to mention the more deals they do the better and faster they get at getting a deal done.

2. Local Knowledge

Your broker’s knowledge of the local market will also help you refinance your house faster in Atlanta. Local market knowledge is, as we just pointed out, a key ingredient in getting the numbers just right for your refinance.

Often, homeowners who are looking to get a new mortgage don’t really know the value of their home because they don’t have a good understanding of the local housing market, especially at the neighborhood level. But your local mortgage broker will have a thorough understanding of the various local markets and how those values affect your refinance.

Also Read About Tips to Help You Secure a Loan in Atlanta

3. Negotiating Expertise

Negotiating – this is where the rubber really meets the road, where you either lock in a good deal or lose it. And a mortgage broker can bring to bear their negotiating expertise to help you get the best deal, faster in Atlanta.

It’s always beneficial to have a mortgage professional in your corner to handle negotiations. In short, you are far more likely to get a great deal on your to refinance when you have an experienced broker handling the negotiations.

4. Help with Paperwork

Another thing a broker can offer that will help the refinance process go faster in Atlanta is the willingness and ability to do all the necessary, and often, mundane paperwork. Refinancing a house involves a host of time-consuming minor tasks, which would take you much longer and delay the process because you have a job and other obligations. Do you really have the time to interact with a lender, every time they need something or have a question?

5. Built-In Lender Network

A seasoned, professional mortgage broker will have developed relationships with numerous different banks and lenders over their career. This is to your advantage when it comes to finding you the best deal.

Some mortgage brokers will shop your loan with upward of 20 different lenders and banks to make sure that everything works to your benefit. Find out how we can help help you refinance your house faster.

Get help to refinance your house faster with our team of experienced professionals! Contact us today!

Help with Refinancing in Atlanta

Get A Home Mortgage

Buying a home is an exciting undertaking, especially for first-time home buyers. The purchase of a home often marks the beginning of a whole new chapter in their lives. But the process of buying that home also brings with it not a little nervousness and anxiety.

Most people worry about whether they can qualify for and then get the mortgage they need to purchase the home. It doesn’t have to be so anxiety filled, though. Here’s how to guarantee that you’ll get a home mortgage in Atlanta.

Know What You Can Afford

The first and most essential step toward guaranteeing that you’ll get a home mortgage in Atlanta is simply to figure out what you can truly afford. Then, just shop in that price range. You can find many mortgage qualification calculators online to help you find your affordability range.

The standard rule of thumb is that you should not spend more than 28% of your monthly income on monthly mortgage payments. Your agent can also assist you in this area. (To find out more, call [phone].)

Increase Your Income

Lenders will look long and hard at your qualifying income in determining whether you qualify for a mortgage. So to help guarantee that you’ll get a home mortgage in Atlanta, increase your income. And, no, that doesn’t necessarily mean getting a second job.

You may have more qualifying income right now than you realize. For example, the Equal Opportunity Act of 1976 made it possible for you to use income from public assistance programs to qualify for a mortgage if you are likely to continue receiving that income for at least three years. And there are other sources of income you can use that you may not have considered . . .

  • Child support and/or alimony
  • Capital gains income
  • Long-term disability income
  • Boarder income
  • Foster care income
  • Auto allowance
  • Employment offers/contracts
  • Interest and dividends
  • Royalty payments
  • Trust income
  • Unemployment benefits
  • VA benefits

Pay Down Debt

While you don’t have to have a zero balance on your credit cards, it does help to pay down debt as much as possible to help guarantee you’ll get a home mortgage in Atlanta. After your qualifying income, the next most important thing for lenders is your total debt.

Lenders will look closely at the debt-to-income ratio to determine your mortgage qualifications. To satisfy your lender, your total monthly debt payments – and that includes the mortgage payment – should not be more than 36% of your monthly gross income.

You should also avoid taking on any new debt after applying for the mortgage. You can be sure your lender will go back over your credit with a fine-toothed comb before closing – and new debt can bring a halt to the whole thing. So, even if you need a new bedroom suite or a new refrigerator for that new house, put off these major purchases until after closing.

Get a Different Mortgage

If things still look bleak for you to get a home mortgage in Atlanta, the solution may just be to choose a different kind of mortgage – one that you’re likelier to qualify for. With respect to income, some mortgages have more lenient guidelines than others.

For example, one of the ways VA loans determine mortgage qualification is the “residual income” method, which is more generous than the standard debt-to-income ratio method. There is also the Freddie Mac Home Possible program to help lower income people get a home mortgage. If you have a history of paying bills on time, an FHA loan is another possibility.

Hire an Agent

And if you really want to guarantee that you’ll get a home mortgage in Atlanta, be sure to hire a good agent. An experienced, local real estate agent will have their finger on the pulse of the local market. They can help you find the home you want in your price range. (Remember the first tip about knowing what you can afford?) A good agent can also guide you successfully through all those other steps.

Are you ready to buy a Atlanta house? We can help! Send us a message or give us a call today!

Atlanta Mortgage Rates

Refinancing a house probably isn’t as simple as we’d like it to be, but it’s not as complicated as it may seem at first glance. As with anything, if you break it down into the constituent steps of the process, it will be much easier to understand and accomplish – despite the legal and financial complexities and the mountain of paperwork. To that end, we offer this step by step guide for refinancing a house in Atlanta.

Decide For or Against a Mortgage Broker

You have two basic options for refinancing your house in Atlanta: go to a bank or work with a broker. If you decide to go about it yourself, you might only end up with a couple options to choose from. A mortgage broker, on the other hand, will present you with a number of different options, making your life easier and often getting you a better and faster deal.

Determine the Type of Refinance You Need

The first step in the actual process of refinancing your house in Atlanta involves determining what type of refinance you’re looking for. It’s a relatively simple process at first. The main factors you’ll need to consider for the type of refinancing are:

  • Do you want a lower payment and rate?
  • Do you want to pay off your home sooner and with less interest?
  • Do you want to get cash out of the equity in your home to pay off debt or do home improvements?

The best way to figure out what options you have in regard to what you need is to talk directly with a local mortgage broker. (If you have any questions, just call [phone].)

Research Local Mortgage Brokers

You didn’t buy the first house you saw, right? Same goes for mortgage lenders. Do your research. Even if you just do a Google search for “best mortgage broker in atlanta” and start there, that is better than nothing. Look at the companies website, check their reviews, give them a call. This is a great first step in choosing someone you know will have your best interest at heart when getting your refinance done.

  • Search the internet for local mortgage brokers
  • Check their website, see who they are and how they present themselves
  • Check their reviews across multiple platforms, Google, Facebook, Zillow, Yelp, etc. Do they come recommended?
  • Give them a call and ask questions until you feel confident that they are professionals worth working with.

Tell Your Story and Ask Questions

The truth is that every mortgage is not the same. Every person has a different experience, different needs, and a different story. Talk to your licensed mortgage professional about your needs and what your goals are. Through a conversation they will be able to present you with all your options. This gives you the most flexibility when choosing the best loan for you.

Apply for Your Refinance

After you’ve had a conversation about your options you can officially apply for your refinance. This process shouldn’t take too long and in most cases, if you need help, the loan officer you are working with can take your information right over the phone. Some things you may be asked:

  • How much do you currently own on your home?
  • What is your current rate?
  • How much is your home worth?
  • What is your credit score?
  • Do you want to get any cash out?

After you you provide some of this information you will be provided a loan estimate. If you are satisfied with the estimate you have been offered you can move forward with processing.

Loan Processing

The main step in refinancing your house in Atlanta, the conclusion and finalization of the transaction, is the processing of your loan. During processing:

  • You will provide all necessary documents
  • Get your home inspected and appraised
  • Your loan will go through underwriting to ensure everything is as expected
  • You will lock in your rate
  • You will sign your loan documents and your loan will be funded!

Do you want to discuss your refinance options for your house in Atlanta! Contact us today!

Choosing the Right Mortgage Broker in Atlanta

Are you thinking about buying or refinancing your Atlanta house with the help of a mortgage lender? There are so many lenders out there that it’s hard to know which one’s the right one. That’s why we’re sharing this blog post about how to find the right mortgage broker that fits your needs in Atlanta.

Buying a new home or refinancing your current property can be a daunting task, which is why many people turn to a mortgage broker to help them. After all, a mortgage loan officer’s job is to work on your behalf to help you get the best deal possible on your mortgage! But there are so many brokers out there and they all claim to be the very best! How can you decide which is the right broker for you?

Here’s our recommendation about how to find the right mortgage broker that fits your needs in Atlanta.

Tips for Finding the Right Mortgage Broker

Ask Around

Ask around to your friends, family, and other trusted people to find out which mortgage brokers are worth working with. Some people will tell you not to work with a certain company, while others will have great things to say about another mortgage broker. Ask everyone you know (and hey, you can even reach out to us at [phone] and ask for a recommendation from us!) Make a short list of mortgage companies you like.

Look Up Local Mortgage Brokers

Go online and look up the local mortgage companies. Do they have a website? Do they have a Facebook page? Search their name in Google, how are their reviews?

Check Out Their Credentials

Look at their website and Facebook pages. What does each say about them? What kind of ratings do they have? What testimonials are there? What awards have they won? How many transactions have they completed? How a company presents itself online can say a lot about how they conduct their business.

Review and Narrow Your Picks

Review your findings and narrow down these companies to just a couple who look like they will be able to help you the best.

Book an Appointment

Call your shortlist of mortgage brokers to book an appointment and ask how they’d help you with your mortgage needs.

Make a Decision

Finally, choose the mortgage company who will help you the most based on all of this information… and then you can start the process of getting you the best mortgage possible!

Note: this is a great way to find a mortgage company but it can also take some time. You can always ask us for help; or, if you’d like to begin the mortgage process as soon as possible, why not give us a call at [phone] and we’ll see if we can help you directly.


If getting a mortgage seems like more trouble than you want to deal with yourself, a licensed mortgage professional is there to help you answer any questions and get you started in the right direction. But finding the right mortgage lender might also seem overwhelming. That’s why you should read this blog post again if you’re wondering how to find the right mortgage broker that fits your needs in Atlanta. was started by Moreira Team Mortgage to help potential mortgage customers become as informed as possible before making a decision.

At Moreira Team Mortgage, we also do mortgages! If you would like an offer from us, or if you want to start a conversation or have any questions, click here now and fill out the form or call our team!

Demand These Things from Your Atlanta Mortgage Broker

If you’re thinking about buying or refinancing a house in Atlanta, and if you’re going to get your mortgage with the help of a mortgage broker, make sure you get the service you need. Read this blog post for information about getting a mortgage? Demand these 3 things from your mortgage broker in Atlanta…

If you’re planning to buy a new house or refinance your current one, you might want to think about getting help from a mortgage broker Atlanta GA. A professional mortgage broker can provide many different benefits and services and they should be focused on serving you and helping you.

So, buying or refinancing?

Demand these 3 things from your mortgage professional in Atlanta. (And if you don’t get them, find another broker who can help you).

1. Ask for their track record

Find out how good your broker will be in representing you. See if they can provide you with testimonials and success stories, or some other kind of indicator of how well they will represent you. Remember, they should be able to find you the best deal possible based on your unique situation.

2. Ask for all your options

A mortgage broker wants to get you a mortgage as soon as they can. Although they want you to be happy, of course, they also want to minimize how long they take to work with you. Demand that they spend all the time you need, until you feel comfortable with the options they present you.

One way to get their help here is to ask what other programs are available, and, ask them to explain those options. The reason is simple: A mortgage broker might want to just give you one or two possible options… but what if after you have explained everything and asked what other mortgage programs were available to you… you find an even better deal?

3. Ask for different scenarios

Mortgage brokers can often be focused on getting you standard options as quick as possible. For example, you might want to buy a new home, so your loan officer gives you a standard rate and program. But you live in a qualified area to receive a lower down payment and rate. You should always ask your loan officer to run a few loan scenarios by you first based on your unique situation so you can be assured you are getting the best deal for YOU.


Mortgage brokers are not all the same. Some will do more for you and some will do less. But if you want a mortgage lender to serve you, make sure you know ahead of time what you want and ask them if they’ll do it. Buying a or refinancing house? Demand these 3 things from your mortgage broker in Atlanta… and you’ll love getting the best deal possible!

If you want to get a mortgage in Atlanta we can help you with that. Click here now and fill out the form or call us!