Mortgage and Portfolio Loan Guide

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E015: Bank Statement Loan for Self-Employed Borrowers

E015: Bank Statement Loan for Self-Employed Borrowers

 
 
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If you are self-employed or a private contractor, this is the episode you need to hear. I dive into exactly how to get approved for a mortgage with a bank statement loan, and no tax returns are required. Unfortunately, so many times business owners are told they do not qualify for a mortgage because of the way they show their income on their tax returns. With a bank statement loan your income is calculated by averaging your deposits over a 12 or 24 month period. You can use personal bank statements or business bank statements. Everything you need to know about getting a bank statement loan in today’s Mortgage Guide Podcast. Learn more at BalanceProcess.com/bank-statement-loan

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