Specialized In Jumbo Loans, Investor Loans, DSCR Loans, Non-QM Financing, Commercial Mortgages, and Tax-Informed Lending Strategies
Published By
David Ghazaryan
Owner / Broker / Banker
Contact Me At
(702) 766-3744
NMLS 1486726
Two-Year Income Averaging: Lenders typically average two years of a self-employed applicant's income to establish a stable figure for loan qualification. This practice can be disadvantageous if one of those years had unusually low income due to temporary setbacks.
Overcoming a Bad Year: You can request an exception to use only your most recent, higher-income year. This requires a strong case, including a detailed Letter of Explanation (LOE) to provide context for the income dip and a current Profit and Loss (P&L) statement to prove your business has recovered.
Alternative Loan Solutions: For business owners whose tax returns do not reflect their actual cash flow, a bank statement loan is a powerful alternative. This type of loan uses your business bank account deposits to calculate qualifying income, completely bypassing the need for tax returns.
Read the full blog article here: https://www.iqratemortgages.com/blog/get-a-las-vegas-mortgage-after-a-bad-business-year
Your good year is ignored because of one past dip. I am David Ghazaryan. I build the compelling case needed. Your tax return shows the past; a P&L shows now. I use your current numbers, proving the bad year ended. Some loans only look at your money coming in now. Read my full analysis. All links are in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/get-a-las-vegas-mortgage-after-a-bad-business-year
