Mortgages For Self Employed PeopleBeing self-employed isn’t as big of a problem with lenders as it used to be. In order to not be taxed twice, most self employed people make great money, but take advantage of the maximum tax breaks allowed in order to minimize corporate or personal income tax expenses.Because of this, many self employed borrowers don’t show much income on their tax returns, yet it is obvious that self-employed borrowers do make good money. Unfortunately, most banks and lenders don’t see the big picture as to how a self-employed borrower is really doing, and many times are turned down for the wrong reason. We understand this. Because of this very reason, many of our mortgage loan programs are specifically designed for self employed borrowers. We have several stated income mortgage and no doc mortgage programs that go up to 100% of your property’s value without verifying income. The best part is that you don’t need platinum or perfect credit! If you can provide us with your last 12 or last 24 months bank statements, we can use your deposits on our Bank Statement Loan Program. On this program, you can get the same rates as if you actually did show the income on your tax returns. We use your deposits to give you credit for your actual income. This allows self employed borrowers to maximize their equity while being able to get loans they would have been normally turned down for, or restricted as to how much they can borrow. For the same mortgage rates as the other guy is getting....
|
