“Ideal Solution is a Bank Statement Loan”
I have a business client who owns a commercial property in Hartford free and clear. He is not lendable on the bank side due to his tax returns. Ideally he gets a commercial mortgage, but he has about $190K in equity on his personal home and is looking for approx. $100K cash out. $160K current mtg, $350 value – primary residence. Can I introduce him to you?
Many self-employed borrowers show very little income on their tax returns yet have great credit and show plenty of cash flow. This banker knows that we offer loans that can fill the needs for this individual. For this loan NO tax returns are required at all.
I just closed a loan for a client that showed over $20,000 per month going through the checking account and paid taxes based on $18,000 for the year. A bank statement loan was the perfect solution in this situation as well.
Image courtesy of StuartMiles/freedigitalphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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