Are you trying to qualify for a mortgage, but you can’t prove your income by providing Tax Returns?
Are you self-employed and looking to buy a home?
Never fear. Our Bank Statements lending program can help!
All over the world property values are increasing, while minimum wage stays the same. People are working various jobs, many of them choosing to employ themselves instead. It has become progressively more difficult to qualify for a mortgage. This is particularly true for those who are self-employed. Self-employed individuals, that report low income in their tax Returns are unable to prove their income. Traditional lenders verify and calculate your borrowing capacity this way.
If you are one of these people, you are in luck. Our Bank Statements Program is here to help you with all your mortgage needs. The program will help you find the perfect finance solution in several ways. You can buy a New Home or refinance your present mortgage to get better terms or to cash out your equity.
How does the Bank Statement work?
The Bank Statement program helps borrowers prove their income by tracking the deposits in their bank accounts both Personal and Business and in some cases combining both.
By doing this, self-employed borrowers can receive a fair mortgage without providing a single tax return. The gross bank deposits are averaged over the last 12 or 24 months. This helps the lender accurately solve your income and prove it to skeptical bankers that you can pay your mortgage.
Borrowers can qualify for a mortgage on several properties types: townhomes, two to four units, condominiums, and single-family homes. Any of these properties can be their future dream home.
By booking a free consultation with us, self-employed and Real Estate Investors can effectively get the mortgage they deserve.
Mutual Mortgage expert consultants are someone you can trust when seeking a mortgage. They will answer questions openly and honestly, and they will help you every step of the way.
Need Help Finding a Bank Statement Lender?
If this seems like the best path for you, reach out to us today. Request an appointment, video consultation, or a callback. This is the first big step in securing your mortgage.
Whatever you do, don’t listen to what traditional banks have to say. Put the fate of your mortgage in your own hands and call us today. We will answer all your questions, look for a practical solution and get you a great mortgage, Don let your fears keep you away from your Dream Home. With our counsel, you’ll be sipping red wine in your new home or condo in no time.