Bank Statement Loans in California: How Self-Employed Buyers Prove Income When Tax Returns Undervalue the Real Story
If you are a California entrepreneur, consultant, creative, or business owner shopping for a home, you already know the awkward moment. Your lifestyle and bank balances say you can afford the property. Your tax return, after every legitimate write-off, tells a thinner...
California Bridge Loans for Self-Employed Homeowners
California Bridge Loans Case Study: Buying a $2.5 Million Laguna Hills Home Before Selling The buyers had found their next home, but much of the money they planned to use for the purchase was still tied up in their Mission Viejo residence. Selling first could have...
The Self-Employed Borrower With Inconsistent Income
Two years of tax returns are the conventional lender’s primary tool for evaluating a self-employed borrower, and the tool works reasonably well when the income it measures is consistent. When it isn’t, the averaging calculation that conventional...
Who Qualifies For Stated Income Loans in Today’s Market?
Stated income loans have a reputation that trails the product by about fifteen years. The no-documentation loans that contributed to the 2008 financial crisis carried the stated income label, and the association stuck even as the product category evolved into...
When the Tax Return Says No — DSCR Says Yes
The file came in looking like a dead end. An experienced investor out of the Phoenix metro, with five existing rentals and a track record that actually meant something. The kind of borrower who knows how to run a rental portfolio and has the results to prove it. The...
Welcome to my Blog!
Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.