self-employed borrowers Archives

An image featuring intertwining green vines representing the growth potential of a SEP IRA and raindrops symbolizing tax deductions

Understanding Simplified Employee Pension (SEP) IRAs: A Comprehensive Guide for Small Businesses and Self-Employed Individuals

July 2, 2025 FinanceFacts101 Business Finance

Introduction to SEP IRAs A Simplified Employee Pension (SEP) IRA is an attractive retirement savings option tailored for small businesses and self-employed individuals. This individual retirement account (IRA) enables employers to make contributions on a discretionary basis, offering tax advantages for both the business and its eligible employees. In essence,

Gross Debt Service Ratio: Understanding This Important Mortgage Qualification Factor

November 26, 2024 FinanceFacts101 Mortgage

Introduction to Gross Debt Service Ratio (GDS) Understanding the Gross Debt Service (GDS) ratio is crucial for prospective homebuyers as it plays a significant role in mortgage qualifications. This essential debt service measure enables lenders to assess how much housing debt a borrower can afford relative to their income. The