Posts Tagged ‘bank statement loan’
Tap Your Equity, Keep Your Rate
What is a HELOC? A HELOC is a home equity line of credit. It is a second loan, a revolving line of credit, secured by your house. Think of it like a credit card that is backed by your home equity, with a much lower rate than an actual credit card. Why HELOCs are so…
Read MoreBank Statement Loan for Self-Employed Borrowers: Your Tax Return Isn’t the Whole Story
Bank statement loans for self-employed borrowers solves a problem you probably know well. The business is doing fine, money is coming in, and then a lender pulls your tax returns and says you don’t earn enough for the house you can clearly afford. That’s this week’s Monday Minute, and it’s one of the most common…
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