Video Transcript:
Your business makes lots of money, but loan officers see a smaller number on your papers. This common problem can stop you from buying the house you want. I am David Ghazaryan, and I manage this whole process for my clients. We use specific rules about your tax papers to show your real buying power. Some costs on your tax papers are not real cash spending, like writing off equipment. We can add this “paper” money back to your income for lenders. Let’s say you wrote off ten thousand dollars for a camera. We add it back. Your income now looks bigger, and you can get a bigger loan. You must plan this ahead of time with your tax preparer. They can help you set up your papers the right way for getting a home loan. To see how these ideas work for you, follow my social channels. The full article is also on my website. See links in the description below.
Read Blog Here: https://www.iqratemortgages.com/blog/maximize-your-california-mortgage-with-strategic-tax-planning
