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16
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1
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Frank Rizzo
1
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16
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Bank statement loan recommendations?

Frank Rizzo
Posted

I am self employed with a few rental properties.I am having trouble accessing the equity in my primary residence. Because I am self employed my taxable income isn't high enough to qualify for a conventional refi and my DTI is too high for a HELOC. My next option is a bank statement loan. I don't want to get caught up with a sketchy bait and switch company. Can anyone recommend a financial institution that they had a good experience with? Or a a bank that will give me a HELOC and not hold my cashflowing properties and the mortgages that come with them against me.

Thanks.

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