True or False: When you are self-employed it’s hard to get a loan
True or False: When you are self-employed it’s hard to get a loan? FALSE! If you’re self-employed you’re going to LOVE this Client Success Story. This long time client watched her property go up in value in 2005, then, during the mortgage meltdown of 2008 her house...
A Self-Employed Person Cannot Buy an Investment Property.
A self-employed person cannot buy an investment property. FALSE! While many banks shy away from lending to borrowers who “write-off” all their income, commercial lenders for 5+ units are looking for the building to be self-sustaining and look to the borrower for good...
How to Qualify for a Loan When You’re Self-Employed
I often run into business owners who are frustrated because they were turned down for a loan they so obviously could afford. They ask me, “How is it that I am able to pay $2,500 in rent, and have a successful business, but I can’t qualify for a loan?” Having owned...