Updated almost 8 years ago on . Most recent reply
Advice for originating non-income loan using home as collateral
Looking for advice on how to obtain a secured (using property) non-income verification type loan for the purposes of renovating a non owner-occupied second home that is owned outright in order to to turn it into a short term/vacation rental (thus utilizing those projected funds for repayment).
I've looked a lot of options (mostly from conventional lenders) but 99% of them want to see tax returns/proof of income. I own my own business but it hasn't generated income yet as it is relatively new. Credit is o.k.
Many thanks!