Bill Anderson - Sherborn MA Real Estate, Natick MA Real Estate, BHHS Commonwealth RE



84 Eliot St, Sherborn, MA 01770

Single-Family

$775,000
Price

10
Rooms
4
Beds
3/1
Full/Half Baths
A Magnificent light and bright 1994 well maintained colonial on 3+ acres. The inviting first floor opens to a foyer, with a fireplaced formal living room and office. Next is a dining room great for entertaining with easy access to a large open eat in kitchen with granite island. The fireplaced family room has a home theater and opens to a private deck. The second floor has 4 bedrooms including a master suite with walk in closets and master bath with a large shower and jacuzzi. The finished basement has french doors to the private back yard. This property is located in top school district in MA. Convenient location. Close to Wellesley, shopping, 128 & 495 and several commuter rail locations.
Open House
Sunday
December 16 at 12:00 PM to 1:00 PM
Cannot make the Open Houses?
Location: 84 Eliot St, Sherborn, MA 01770    Get Directions

Similar Properties




84 Eliot St, Sherborn, MA 01770

Rental

$5,000
Price

10
Rooms
4
Beds
3/1
Full/Half Baths
A Magnificent light and bright 1994 well maintained colonial on 3+ acres. The inviting first floor opens to a foyer, with a fireplaced formal living room and office. Next is a dining room great for entertaining with easy access to a large open eat in kitchen with granite island. The fireplaced family room has a home theater and opens to a private deck. The second floor has 4 bedrooms including a master suite with walk in closets and master bath with a large shower and jacuzzi. The finished basement has french doors to the private back yard. This property is located in top school district in MA. Convenient location. Close to Wellesley, shopping, 128 & 495 and several commuter rail locations. Great opportunity to rent to own.
Open House
Sunday
December 16 at 12:00 PM to 1:00 PM
Cannot make the Open Houses?
Location: 84 Eliot St, Sherborn, MA 01770    Get Directions

Similar Properties



As the workforce changes and a growing number of companies seek out contractors and freelancers, many Americans find themselves in a gray area when it comes to their income. They may put in full-time hours, but on their taxes they work for themselves.

Mortgage lenders are cautious about who they lend to. They want to make sure you are a low-risk investment who has reliable, predictable income to ensure that they’ll earn money off of your loan.

This can sometimes make it difficult for freelancers, contract workers, or the self-employed. Not only might your taxes be unconventional, but your income could vary depending on the time of the year and the amount of business you receive.

It’s easy to see why many people would be anxious about applying for a mortgage under these circumstances. However, if you’re self-employed, there’s no need to worry. You can still get approved for a mortgage at a fair interest rate--you just need to do a bit of work to provide the right documents to your lender.

In this article, we’ll show you what documents and proof of income you’ll likely need and how to present it to a lender to make the process run as smoothly as possible to get you approved for your mortgage. Here’s what you need to do.

Organize your records

Before applying for a mortgage, it’s a good idea to take a look at your record-keeping process. As a self-employed worker, you’re probably already used to tracking your own income. However, this will help the lender analyze your income easier and move the process along more quickly.

Having a master spreadsheet of your dated invoices, paid amounts, and the names of your clients is a good place to start. You’ll also want detailed, easy to read information for your previous employers, landlords, references, and any other information you think will be pertinent.

Next, gather your tax documents for the last three to five years. As a self-employed worker, you likely file a Schedule C (Form 1040) and a Schedule SE. Make sure you have copies of these forms.

Dealing with deductions

Many self-employed workers write off business expenses in their tax returns. Travel expenses, internet, and other costs associated with doing business are all ways to save by reducing your taxable income. Doing so can save you money, but it can also reduce your net income which is what lenders will see when you provide them with your information.

If you’re hoping to get approved for a bigger loan, one solution is to plan your taxes in the year prior to applying for a mortgage. Make fewer deductions than you normally would to increase your net income.

Be ready to clarify

When a mortgage lender is reviewing your information, make sure you are open and available to provide any information that can be helpful to them in considering your application. Being prompt and accurate with your responses will signal to your lender that you are willing to work with them.



84 Eliot St, Sherborn, MA 01770

Single-Family

$775,000
Price

10
Rooms
4
Beds
3/1
Full/Half Baths
A Magnificent light and bright 1994 well maintained colonial on 3+ acres. The inviting first floor opens to a foyer, with a fireplaced formal living room and office. Next is a dining room great for entertaining with easy access to a large open eat in kitchen with granite island. The fireplaced family room has a home theater and opens to a private deck. The second floor has 4 bedrooms including a master suite with walk in closets and master bath with a large shower and jacuzzi. The finished basement has french doors to the private back yard. This property is located in top school district in MA. Convenient location. Close to Wellesley, shopping, 128 & 495 and several commuter rail locations.
Open House
Sunday
December 09 at 11:45 AM to 1:00 PM
Cannot make the Open Houses?
Location: 84 Eliot St, Sherborn, MA 01770    Get Directions

Similar Properties




84 Eliot St, Sherborn, MA 01770

Rental

$5,000
Price

10
Rooms
4
Beds
3/1
Full/Half Baths
A Magnificent light and bright 1994 well maintained colonial on 3+ acres. The inviting first floor opens to a foyer, with a fireplaced formal living room and office. Next is a dining room great for entertaining with easy access to a large open eat in kitchen with granite island. The fireplaced family room has a home theater and opens to a private deck. The second floor has 4 bedrooms including a master suite with walk in closets and master bath with a large shower and jacuzzi. The finished basement has french doors to the private back yard. This property is located in top school district in MA. Convenient location. Close to Wellesley, shopping, 128 & 495 and several commuter rail locations. Great opportunity to rent to own.
Open House
Sunday
December 09 at 12:00 PM to 1:00 PM
Cannot make the Open Houses?
Location: 84 Eliot St, Sherborn, MA 01770    Get Directions

Similar Properties





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