Updated over 5 years ago on . Most recent reply
Getting approved for mortgage loan
Im trying to buy my first property currently in the process of getting approved, everything looks great! More than enough in my account, credit score however. Bc I am a cocktail server most of the money is from tips. Lender is telling me I should have some one co sign for my first property to be approved. Any one else have any other creative way to get approve all on my own ? I’m not worried about payments... but bc it says I make much less on paper I need another source of income added on to balance with my debts. Any suggestions ? :)
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@Alexis York What type of loan are you going for? Look into a commercial loan. It will be slightly more expensive but often they focus more on the financial performance of the property than the investor.