How to qualify for Interest Only Loan if you are a self-employed borrower
Did you know that since 2009 Dan Cassel and the Trinity Mortgage Loan team have offered loan amounts in California up to $3.0 million plus on Primary or Investment Real Estate Loans for Self Employed Borrowers?
Here is how you can qualify if you are a self-employed borrower:
1) Use 12 months business or personal bank statements,
2) Use 1099 and the calendar year bank statements,
3) Use 12-month Profit and Loss statement with 2 months bank statements
4) Use Combine asset utilization with income to help meet our DTI threshold of 50%
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