Author: MAXISLoans
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Tax Tips for Architect-Homeowners
You’re an architect ready to turn your design vision into a reality – your own home. But along with the excitement comes the practicalities, including financing. Understanding the tax implications of homeownership, particularly when you run a business like architecture, can make a big difference. Tax Benefits of a Dedicated Home Office The good news…
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Construction Loan Options for Architects
As an architect, you’ve likely spent years designing dream homes for others. Now, it’s your turn to translate your vision into reality. But when it comes to financing a custom build, the world of construction loans can feel labyrinthine. This article aims to shed light on your options and answer key questions you might have:…
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Understanding DTI for Architects
As an architect, your passion for design likely extends to your living space too. But before you get swept away in open floor plans and dream kitchens, there’s a crucial financial hurdle to navigate: the Debt-to-Income Ratio (DTI). For architects, student loans, business ventures, and other debts can significantly impact your DTI. This ratio, calculated…
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Down Payment FAQs for Architects in Australia
As an architect, you’re used to designing dream spaces. But when it comes to turning your own dream home into reality, navigating the home loan process can feel like uncharted territory. A significant hurdle for many Australians is the down payment – a large sum that can significantly impact the loan amount and your monthly…
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Income Verification for Architects and Home Loans
Congratulations! You’ve reached a major milestone – it’s time to buy your dream home. As an architect, your passion for design translates into stunning structures, but navigating the world of home loans can feel like a different blueprint altogether. One particular concern for architect-borrowers is income verification. Unlike traditional salaried positions, architects, especially freelancers and…