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Struggling to get a mortgage while self-employed? You're not alone. The traditional mortgage process often leaves freelancers, contractors, and business owners feeling like homeownership is out of reach. But there's good news – alternative documentation options exist specifically for you.

In this eye-opening episode, we break down how self-employed borrowers can qualify for mortgages using bank statements instead of tax returns. Forget about the frustration of having your income dismissed because you've maximized write-offs. Learn how lenders can analyze 12 or 24 months of deposits to calculate your true income potential, accommodating seasonal fluctuations and business expenses without penalizing your homebuying dreams.

We explain the powerful but little-known portfolio loan programs that look at what you actually make rather than what your tax returns show. For 1099 contractors, discover how your income can be calculated with just a 10% reduction for expenses rather than the substantial write-offs that might appear on your returns. The best part? Once approved and funded, these mortgages function exactly like conventional loans – the alternative documentation is simply a smarter path to approval.

Most borrowers don't realize these options exist because many traditional lenders don't offer them or lack the expertise to properly implement them. Working with the right mortgage professional who understands self-employment can make all the difference between rejection and approval. Whether you've been self-employed for decades or just a few years, don't let conventional wisdom stop you from exploring unconventional solutions to homeownership.

Ready to move forward with your homebuying journey? Share this episode with other self-employed friends who might benefit, and leave us a review to help more entrepreneurs discover these game-changing mortgage strategies.

0:00 Welcome to Keys and Credit

0:23 Self-Employed Lending Options Explained

1:46 Bank Statements vs. Tax Returns

3:21 1099 Income Documentation Alternatives

5:54 Portfolio Programs for Contractors

8:00 Episode Wrap-Up

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Ever wonder what separates elite real estate professionals from those who just collect commissions? The difference becomes crystal clear when deals hit turbulence—and in this revealing episode, Barb and Bill pull back the curtain on recent transactions that would have fallen apart without their expertise and determination.

We dive into "Barb for the win" moments, including a near-disaster closing saved with just 24 hours to spare when insurance needed last-minute adjustments. Most lenders would have delayed closing by a week or more, but not Barb. You'll hear how her experience and relationships made the impossible happen, keeping buyers in their dream home and sellers on schedule.

The manufactured home negotiation story will have you shaking your head—a listing agent who didn't understand the property type ended up costing his sellers nearly $30,000 in required improvements after contract acceptance. Without Bill's strategic negotiation skills and Barb's specialized lending knowledge, this transaction would have collapsed entirely.

Perhaps most eye-opening are the stories about agents and lenders who actively discourage qualified buyers. We share multiple examples of clients told they "weren't ready" by other professionals, only to successfully close on homes within weeks of working with us. Sometimes these discouraging voices even come from family members with hidden agendas!

Whether you're buying, selling, or just real estate curious, this episode provides invaluable guidance on selecting trustworthy professionals. Learn how to spot "hack agents," verify credentials, test responsiveness, and ultimately find representatives who'll fight for your interests rather than taking the path of least resistance.

Ready to stop getting standard real estate advice and start hearing the unfiltered truth? Listen now, and discover why our 100% close rate isn't just talk—it's the result of putting clients first, even when the path gets challenging.

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Ever walked into a freshly painted house with new carpet and granite countertops only to discover later that the foundation is crumbling and the plumbing dates back to the 1800s? That's what Barb and Bill call "lipstick on a dumpster fire" – a hastily flipped home where serious problems lurk beneath surface-level improvements.

This eye-opening episode dives deep into the world of home flips, equipping you with practical knowledge to distinguish quality renovations from polished turds. We share real stories of buyers who fell in love with doctored listing photos only to discover twisted foundations, sagging roofs, and outdated systems hidden behind fresh paint. You'll learn the critical importance of checking permits, spotting warning signs like painted-over water damage, and understanding what professionally flipped homes should include.

Beyond identifying problematic flips, we explore financing options for buyers who want to tackle renovations themselves. From FHA 203k loans to construction financing, we break down how these programs work, what requirements they involve, and how to navigate the process successfully. Whether you're considering buying a flipped property, renovating a fixer-upper, or building from scratch, this conversation provides essential insights that could save you from making a six-figure mistake.

The difference between a dream home and a money pit often comes down to knowing what's behind the walls. Share this episode with anyone house-hunting in today's market – their wallet (and sanity) will thank you.

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Ever felt trapped in a relationship with a real estate agent or lender who isn't meeting your expectations? You're not alone—and contrary to what many professionals want you to believe, you're not stuck either.

Breaking free from unsatisfactory professional relationships in real estate doesn't require waiting for contracts to expire. Hidden in the fine print of your agreements lies your ticket to freedom. Minnesota's Chapter 82 mandates that cancellation terms must be included in contracts, though they're typically buried as a single line stating the agreement "can be canceled only in writing." This simple statement is your leverage when service falls short.

Mortgage relationships offer even more flexibility. Unlike real estate agreements with formalized contracts, pre-approvals can be canceled with a straightforward email. However, this ease of transition comes with downsides—particularly regarding your personal information. When lenders perform traditional "hard" credit pulls, credit bureaus often sell your data to competitors, triggering an avalanche of solicitations. Some unscrupulous operators even pose as representatives from your original lender's team, attempting to poach your business through deception.

The real estate and mortgage industries operate with many unspoken rules and profit-driven practices that consumers rarely see. From the selling of your personal data to predatory sales techniques, understanding these behind-the-scenes mechanisms empowers you to navigate the homebuying process more confidently. Remember: everything is negotiable, from contract duration to cancellation terms, and you always maintain the right to choose representation that genuinely serves your interests.

Ready to take control of your real estate journey? Share this episode with friends navigating the homebuying process—because knowledge truly is power when it comes to protecting your largest investment.

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Finding the perfect real estate team can feel like navigating a dating app – swipe right on the wrong agent or lender, and your home buying journey could quickly turn into a nightmare. But unlike many dating scenarios, you're never actually locked in when it comes to your real estate relationships.

We tackle one of the biggest misconceptions in real estate: the belief that once you sign with an agent or lender, you're stuck with them until closing. This simply isn't true. The buyer-agent contract binds the agent to you, not you to them, giving you freedom to make changes when necessary.

Large lending institutions often create frustrating experiences for homebuyers, shuffling them between different representatives with no one taking ownership of their file. The green flag? Consistency – when you call your lender with questions, you should connect with the same person each time, someone who truly knows your situation.

Credit management during the homebuying process is another critical area where having the right professionals makes all the difference. Opening new credit accounts or making large purchases can derail your transaction at the eleventh hour. A good lender monitors your credit throughout the process and keeps you from making costly mistakes.

Perhaps most important is understanding the value of relationships over transactions. The best real estate professionals view their work as a partnership rather than simply a deal to close. They're willing to do the extra work, communicate clearly, and stand by you through the entire process – not just when it's convenient for them.

Whether you're a first-time homebuyer or a seasoned investor, finding professionals who prioritize your needs and maintain consistent communication will make all the difference in your home buying experience. And remember, if you've swiped right on the wrong team, you always have the option to make a change.

Ready to find your perfect real estate match? Listen now for insights that could save you thousands and countless headaches on your homebuying journey.

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Dreaming of homeownership but feeling overwhelmed by the mortgage maze? You're not alone. This eye-opening conversation between straight-talking lender Barb and no-nonsense realtor Bill tackles the most common misconceptions first-time buyers face during the pre-approval process.

Discover why your impressive credit score might not matter if your debt-to-income ratio is out of whack. Many buyers are shocked when told they need to sell that new truck or snowmobile before qualifying for their dream home! We break down exactly how lenders calculate this crucial ratio and what numbers you need to hit for approval.

The episode demystifies the alphabet soup of mortgage programs – VA, FHA, USDA, and conventional loans – explaining how each serves different needs and comes with unique advantages and limitations. Did you know veterans can qualify with no minimum credit score? Or that some rural properties qualify for zero-down financing? We also reveal little-known down payment assistance programs that can provide up to $18,000 for qualifying buyers.

Mortgage insurance remains one of the most misunderstood aspects of home financing. Learn the critical differences between how it works on different loan types – including the surprising truth that on some loans, you'll pay it for the entire mortgage term unless you refinance.

This conversation goes beyond textbook explanations to give you insider knowledge from two professionals with decades of experience. We share real-world examples of how strategic financial decisions during the mortgage process can save you thousands over the life of your loan. Knowledge truly is power when it comes to homebuying, and getting properly pre-approved before house hunting prevents the heartbreak of falling in love with homes beyond your budget.

Ready to navigate the homebuying journey with confidence? This episode provides the roadmap you need. Share it with friends embarking on their own real estate adventures, and leave us a review – it helps more than you think!

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Ever had a well-meaning relative nearly derail your home purchase with "expert" advice? That's exactly what Barb "your straight talk lender" and Bill "the no bs realtor" tackle in this candid conversation about the phenomenon they've dubbed "Drunk Uncle Bob."

The duo shares real-world stories of first-time buyers whose perfect homes slipped through their fingers because they listened to outdated or misguided advice from family members. From the classic "wait for interest rates to drop" myth to bizarre reasons for rejecting perfectly good properties (like hearing a dirt bike in a rural area), they expose how these seemingly innocent opinions can have costly consequences.

"Marry the house, date the rate" becomes the episode's rallying cry as Barb and Bill explain how waiting for "perfect" conditions typically backfires. They break down the mathematics of lost equity—showing how a $300,000 home might increase to $330,000 in just six months while buyers wait for marginally better interest rates they could refinance into later anyway. The hosts also address common financial misconceptions, explaining why cash-only lifestyles leave buyers without crucial credit history and how ill-timed car purchases can completely derail mortgage approvals.

What sets this episode apart is the authentic glimpse into how deeply committed real professionals become to their clients' journeys. Bill even admits to occasionally getting emotional when deals fall through—a refreshing departure from the stereotypical salesperson approach. Their message is clear: include family in your homebuying journey, but trust the professionals who navigate these waters daily and are invested in your long-term success. Share this episode with anyone starting their homebuying journey—they'll thank you when they're building equity instead of waiting on the sidelines!

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Meet the real estate and lending partnership that's redefining client service in the housing market. Bill Jerikovsky, the "no bs realtor," and Barb Miller, a "straight-talking lender," launch their Keys and Credit podcast with a refreshingly honest conversation about what truly matters in real estate transactions - and it's not commissions.

The duo draws a sharp distinction between being mere salespeople and true representatives. While many agents focus on transaction volume and quick closes, Bill and Barb prioritize building lasting relationships through transparency and genuine advocacy. They share stories of talking clients out of overbidding on properties, strategically navigating multiple-offer situations, and staying available around the clock because "our job starts when everybody else stops."

Their approach has yielded remarkable results - in nearly seven years working together, they've only lost two clients. Why? Because they understand that real estate decisions have long-term implications. When life changes inevitably occur - new jobs, growing families, or parents needing to move in - clients who received thoughtful guidance rather than high-pressure sales tactics thank them for their foresight.

The podcast promises to deliver practical advice and insider knowledge in future episodes, moving beyond introductions to real estate do's and don'ts. For buyers and sellers tired of being treated like commission checks instead of people with dreams and goals, Keys and Credit offers a glimpse into what true representation feels like.

Ready for a different kind of real estate guidance? Subscribe now and share with friends navigating the housing market - this is the straight talk you've been searching for.