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The Rise of Gig Economy Borrowers: Why 1099s Are Redefining Non-QM
Tax returns rarely reflect the true income of self-employed borrowers. Heavy deductions shrink the bottom line on paper, even when gross receipts are strong. That’s exactly why 1099-only programs matter — they capture reality instead of punishing variability
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P&L vs. Bank Statement: How to Choose the Right Tool and Close More Self-Employed Deals
For every broker, self-employed borrowers represent a massive opportunity—and often, a massive headache. When tax returns don’t reflect their true income, you have to reach for a different set of tools. The two most powerful are Bank Statement and Profit & Loss (P&L) loans. While both solve for alternative income, they are not interchangeable. Knowing…