A BANK STATEMENT MORTGAGE USES YOUR BANK STATEMENTS TO PROVE INCOME, RATHER THAN THE TYPICAL FINANCIAL DOCUMENTS SUCH AS W-2S AND TAX RETURNS. A BANK STATEMENT LOAN CAN BE BENEFICIAL FOR BUYERS WHO DON'T HAVE STEADY PAYCHECKS OR HAVE LARGE DEDUCTIONS. YOU'LL LIKELY BE ASKED ABOUT THE NATURE OF YOUR BUSINESS(ES) AND BE REQUIRED TO PROVIDE 2+ YEARS OF STATEMENTS FOR EACH ACCOUNT. THESE MORTGAGES TYPICALLY CARRY A HIGHER INTEREST RATE.
The Practical Mortgage Solution LLC
1974 Carolina Place Dr. Suite 240-A, Fort Mill, South Carolina 29708
NMLS ID: 2465241
Copyright © 2024 The Practical Mortgage Solution, LLC - All Rights Reserved.
Website Creative by The Sister Brand
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.
WE'D LOVE TO SHOW YOU HOW THE PRACTICAL MORTGAGE SOLUTION CAN FAST-TRACK YOUR CLOSE...