I run into alot of self employed people that “maximize their deductions” on their tax returns.
They make money, but they don’t show alot of income on their tax returns due to their deductions.
They may have great credit, but they can’t get a mortgage because they don’t show enough income.
We have bank statement loans now for people in this catagory. Your bank deposits over two years become your monthly income. The underwriter will want to see the deposits are from business related income.
We have rates in the 5’s right now for people with credit scores of 680 and up. This would require 20% down.
If you are in this category and need a mortgage shoot me an email or give me a call and I’ll see if we can help you out.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
