Top 3 Alternative Mortgages for Small Business Owner
If you’re a small business owner, and have been told you don’t qualify for a mortgage due to tax writeoffs that you take advantage of, these are the options available:
Business Bank Statement Mortgage
Personal Bank Statement Mortgage
Profit and Loss Mortgage
Learn more here: https://www.balanceprocess.com/mortga...
With these alternative loan products, you do NOT provide tax returns.
Your ability to repay your debt is evaluated based on the deposits in your bank, or your P&L (prepared by a licensed tax pro or CPA).
In today’s post I cover everything you need to know, and how to get approved for an alternative mortgage if you’re a small business owner.
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More on nonQM lending here: https://www.balanceprocess.com/whati...
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