Self-employed individuals have the opportunity to finance a new home in the form of bank statement loans. With this option, they no longer need to use tax returns. What they can do is provide the lender with a proof of income. Anyone who can prove that...
Acquiring bank statement loans isn't difficult as some financial companies don't base their decision entirely on the credit score. They do consider the borrower's monthly bank statements to determine if he's capable of repaying the loan. If you're planning to apply for bank statement loans to...
Consequently, before you file for bankruptcy, you should first understand the possible risks and benefits that may arise and how the process can affect your mortgage lending. The following are some of the ways on how bankruptcy affects mortgage lending: I. Bankruptcy can help prevent foreclosure. Debts...
What is a mortgage A mortgage is a legal agreement or statement that is utilized by credit financiers or banks to lend money to borrowers at an interest rate in exchange of the debtor's title for a specific property. Usually, the conveyance of the title of...
