Found 2 blog entries tagged as self employed mortgage.

Bank Statement Mortgage for Business Owners and No Tax Returns Required

Often, self employed borrowers have a very hard time getting a mortgage loan approval.  So business owners run into issues when buying a home.  Well, we have a mortgage loan option which is lenient on previous credit issues.  But more importantly it allows us to use the borrower’s bank statements to calculate income.  Therefore this self employed bank statement mortgage provides a much needed alternative to tax returns.

Self employed borrower bank statement mortgage

Self employed borrower bank statement program

 Benefits of Bank Statement Mortgage

  • Flexible guidelines
  • Favorable terms
  • Understanding
  • Alternative solution
  • Unique
  • Up to $2,000,000 loans

Buyers with at least 20% down have…

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Self Employed Mortgage Loans Are More Attainable Than You Think

Many self-employed business owners today are faced with two dreaded phrases from a mortgage lender.  “Your debt ratio is too high”.  The other is “You don’t report enough income on your tax returns”.  Now, if a borrower reports no income or reports losses on the tax return as self-employed, options are limited.  But there are a lot of ways to get a self employed mortgage loan.

Self Employed Mortgage Tricks

First of all, a business owner should not try to figure mortgage income from the tax returns.  Lenders look at self employed mortgage income differently and it isn’t just the bottom line.  Actually, there are many figures that may be added or subtracted to

self employed mortgage

the bottom…

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