The Gig Economy

Episode 081 of Mortgage Beat

Police Mortgage Loan Officers, Vivian Abraham (NMLS #2451439) and Patrick Doah (NMLS #2025761), share what those who have embraced the gig economy need to do to buy a property.

Our network also includes family members of first responders who are eager to work with us, even if they are not actively involved in law enforcement, firefighting, or similar professions. Nowadays, with the rise of the gig economy, individuals can assemble a career and income through various freelance or part-time jobs.

In these situations, it's possible to piece together a living from gig jobs and still buy a home. The key requirement is stability. Lenders look for a consistent average monthly income. If an applicant can demonstrate stable income over a two-year period, they may qualify for a mortgage. It's crucial to have a clear paper trail, with all income reported on tax returns. As long as the income is documented and reported, Police Mortgage can help find a way to secure a mortgage.

Mortgage Beat is brought to you by Police Mortgage, a full-service mortgage company dedicated to serving Police Officers and First Responders. Founded in 2008, Police Mortgage offers a variety of mortgage products tailored to meet the needs of those who serve and protect. To learn more or to apply for a home loan go to www.policemortgage.com or call 312-499-8878.

NMLS #268165

Police Mortgage – For First Responders Who Are Second To None.

ABOUT THE HOSTS:

Vivian Abraham

“I have my bachelor’s in business administration and have been involved in the banking industry for over 10 years. During this time, I managed two of the National Police Federal Credit Union locations prior to transitioning to Police Mortgage. I have family members who are police officers with the Chicago Police Department. My work has been very rewarding, and I take pride in having assisted countless members and their families with their financial needs and financial wellness. My hobbies include exploring new restaurants in the city and running for marathons that support pediatric cancer foundations and Chicago Police Memorial Foundation’s Run To Remember. I come from a large family primarily from the south side of Chicago and love to share all the diversity and beauty the city has to offer with my two children.”

Patrick Doah

“I am honored to grow up in a multi-generational family of Chicago Police Officers. I joined Police Mortgage in the summer of 2020 and love the opportunity to help both first-time buyers and repeat clients alike achieve their dreams of purchasing a home. Having been born and raised in the south suburbs of Chicago, I happily live in the Lakeview neighborhood today. Along with my two younger sisters, I am a graduate of the University of Illinois at Urbana-Champaign and a lifelong Chicago Bears fan. I have a strong passion for food and love exploring the vast array of restaurants throughout our city. Nothing makes me happier than spending a summer afternoon on a golf course with family and friends!”