Making the best mortgage decision when you’re self employed
Let’s just cut right to the chase…The big problem with trying to get a home loan while self-employed is often proving your income due to taking advantage of deductions (write offs!) from your taxes.
We understand that your tax returns don’t fully represent the income your business truly earns…That’s why we offer a Bank Statement Program that lets you use your personal or business bank statements instead of your tax returns to prove your income for qualifying purposes.
The Bank Statement Program has the benefit of allowing you to prove your income based on the average balance on your bank statements instead of using your tax returns. As long as you can show positive cash flow on your personal or business bank statements all mortgage options and programs are still available to you. Do you think the bank statement only mortgage option is right for you?