Bank Statement Mortgage
For the first time, your actual income can be used to help you with your mortgage.
When you run a mortgage company, you want to close as many loans as possible. That goes without saying. There is nothing worse than talking to a potential borrower who wants to buy the home of their dreams or who could really benefit from a refinance and later having to turn them down for one reason or another.
There is one type of borrower in particular that we feel is not getting a fair shake. I am talking about business owners both big and small, hairdressers, drivers, bartenders, servers, landscapers, insurance agents, web designers and anyone else that is self-employed… Come tax time, a lot of these professions call for a lot of write-offs. I’m a business owner too. I get it! I have write-offs and I take full advantage of them. You should be able to too. The downside of writing off some of your income is that a tax return doesn’t really show your true creditworthiness and you may end up denied a loan.
I really wanted to offer a product to help the people in these great professions be able to buy or refinance a home just like everyone else. The Home Loan Expert LLC is now offering a loan product that assists business owners and self-employed borrowers in getting the loans they deserve.
If you have been denied because you write off all or some of your income on your tax returns, we can now use your bank statements to determine if you can get a loan! It’s a far more accurate way to measure the income and creditworthiness of business owners and self-employed borrowers.
For the first time, your actual income can be used to help you with your mortgage. Your success isn’t going to be held against you! You no longer have to look to balance your write-offs against your income, because we can use your actual income to determine whether you can afford a mortgage, instead of your tax returns. It’s a whole new ballgame in the mortgage industry: The Bank Statement Mortgage, powered by The Home Loan Expert!
Check out the highlights of our Bank Statement Mortgage:
- No Tax Returns or Tax Transcripts required ever
- Income is calculated using average deposits in your bank account
- 12 or 24 months Personal Bank Statements
- 24 Months Business Bank Statements
- Purchase a new home with as little as 10% Down
- Rate and Term Refinance up to 90% of your home’s value
- Cash out Refinance up to 85% of your home’s value
- Loan amounts from $100,000 up to $2.5 Million
- Debt to Income Ratios up to 55%
- Adjustable and Fixed Rate Options Available
- Interest Only Options Available
- Must be Self Employed for 2+ years
Our customer first approach to mortgages is what separates us from all of the other banks and mortgage companies. Our team will walk you through the process to ensure that your loan closes in a very timely manner. Our competition may think our philosophy on face-to-face customer service is excessive but our clients sure do appreciate it.
Better Home Loans with Lower Mortgage Rates
We provide you with several different mortgage loan options to ensure that you find the mortgage loan program that best fits your needs. Because of the volume of mortgage loans our team closes and the great relationships we have forged within our industry, we’re able to offer the most competitive mortgage interest rates to our clients.
We Are Mortgage Lenders, Not Mortgage Brokers
As a direct mortgage lender, our process has been streamlined from start to finish. Having the entire mortgage loan process contained under one roof allows us to quickly and efficiently close your loan. Our ability to use the newest mortgage loan products and underwrite our own files, allows us to approve loans that our competitors can’t.
SELECT A SPECIALTY LOAN
Don’t feel like driving?
That’s fine! We’ll come to you!
Many times, when self-employed people or business owners try to buy a home, they end up rejected for the amount…
It’s time for business owners and the self-employed to buy a home or get the refinance that their income actually…
If you’re a self-employed borrower, we know that you have had problems buying a home in the past. Proving how…