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re: home loan qualifications and the self employed
Posted on 12/10/12 at 2:14 pm to gsvar2004
Posted on 12/10/12 at 2:14 pm to gsvar2004
i'm a mtg broker here in baton rouge, if you like, call me when you get a chance, it'd be great to earn your business, 225.291.7901 x 224.
since you have no losses,you should be fine, the most important thing is just reviewing your returns for 2010 & 2011
since you have no losses,you should be fine, the most important thing is just reviewing your returns for 2010 & 2011
2
Posted on 12/10/12 at 7:54 pm to lsu tigerdog
They'll ask for bank statements, and more than likely give you a percentage of those as you gross income.
Tough to go conventional if you're writing stuff off.
Tough to go conventional if you're writing stuff off.
Posted on 12/11/12 at 7:24 am to lsu tigerdog
Do you take into account things like bonus depreciation or sec 179 when you figure income for self employed? I have a loss but it includes about 65k of depreciation in 2011
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