by The Gale Team | Oct 10, 2026 | Uncategorized
Arizona mortgage guidance from Greg Gale and The Gale Team at NOVA Home Loans Will an Amended Tax Return Delay My Mortgage? Short answer: An amended tax return can delay a mortgage if the correction changes qualifying income, creates a discrepancy with the original...
by The Gale Team | Oct 9, 2026 | Uncategorized
Arizona mortgage guidance from Greg Gale and The Gale Team at NOVA Home Loans Can I Get a Mortgage With an IRS Payment Plan? Short answer: You may be able to get a mortgage with an IRS payment plan, but the plan must be evaluated within the complete loan file. An...
by The Gale Team | Oct 8, 2026 | Uncategorized
Arizona mortgage guidance from Greg Gale and The Gale Team at NOVA Home Loans Can I Get a Mortgage if I Owe Back Taxes? Short answer: You may be able to get a mortgage while owing back taxes, but the balance alone does not decide the file. An Arizona lender must...
by The Gale Team | Oct 7, 2026 | Uncategorized
Arizona self-employed mortgage guidance from Greg Gale and The Gale Team at NOVA Home Loans Do Business Mileage and Vehicle Costs Affect My Mortgage? Short answer: Yes. Under Fannie Mae, Freddie Mac, FHA, or another selected mortgage program, business mileage and...
by The Gale Team | Oct 6, 2026 | Uncategorized
Arizona self-employed mortgage guidance from Greg Gale and The Gale Team at NOVA Home Loans Can Depreciation Be Added Back to My Mortgage Income? Short answer: In Arizona, some documented depreciation may be considered as a noncash adjustment when a lender calculates...
by The Gale Team | Oct 5, 2026 | Uncategorized
The Gale Team at NOVA Home Loans | NMLS #193428 | Call (480) 626-2282 Quick answer In Arizona, a lender does not universally need a letter from your CPA. A request usually appears because an underwriter needs a specific fact about your self-employment, business...
by The Gale Team | Oct 4, 2026 | Uncategorized
The Gale Team at NOVA Home Loans | NMLS #193428 | Call (480) 626-2282 Does an Arizona Lender Always Need a P&L?Your lender may need a current profit-and-loss statement, but it is not a universal requirement for every Arizona mortgage. Fannie Mae, FHA, and other...
by The Gale Team | Oct 3, 2026 | Uncategorized
The Gale Team at NOVA Home Loans | NMLS #193428 | Call (480) 626-2282 Quick answer In Arizona, mixed business and personal accounts may still be reviewable for a mortgage, but there is no universal rule saying they qualify. The records must let a reviewer identify...
by The Gale Team | Oct 2, 2026 | Uncategorized
The Gale Team at NOVA Home Loans | NMLS #193428 | Call (480) 626-2282 Quick answer For an Arizona borrower, overdrafts can affect a bank-statement mortgage review, but they do not create a universal automatic denial. Consumer Financial Protection Bureau guidance...
by The Gale Team | Oct 1, 2026 | Uncategorized
The Gale Team at NOVA Home Loans | NMLS #193428 | Call (480) 626-2282 Quick answerFor an Arizona mortgage, a large deposit can create a documentation request, but it is not automatically a mortgage denial. Fannie Mae and other programs may require evidence of the...
