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Get FNMA Self-Employed Income Calculations

the business that a self-employed borrowers has will assist the lender in evaluating the stability of the business and the degree of the borrower’s involvement. There are four principal business structures—sole proprietorships, partnerships, corporations, and “S” corporations. Sole Proprietorships: In a sole proprietorship, the individual owner has unlimited personal liability for all debts of the business. Since no distinction is made between the owner’s personal assets and the asset.

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