Navigating the complexities of mortgage lending can be challenging, especially regarding the extensive documentation required for business financial verification. We understand these challenges and are excited to offer a solution: the P&L Only Program.
This innovative program is designed to streamline the mortgage process for your clients. By focusing on a 12-month Profit and Loss statement, verified by a licensed Tax Preparer or CPA, we eliminate the need for exhaustive tax returns and extensive bank statements, simplifying the loan application process.
Highlights of the P&L Only Program:
• High Loan-to-Value Ratio: Allows borrowers to access loans with an LTV ratio of up to 80%.
• Substantial Loan Amounts: Available loans can reach as high as $2,500,000 with some lenders/investors.
• Versatile Property Coverage: Suitable for a range of properties, including Primary
• Residences, Second Homes, and Investment Properties.
• Accessible Credit Requirements: Designed for borrowers with credit scores beginning at 660.
• Cash-Out Refinancing Flexibility: Offers the option for unlimited cash-in-hand for cash-out refinancing purposes.
To Find Out More, connect with us today!
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