On a larger complex, I was able to secure 20-year fixed-rate financing through an insurance company, but that's the exception.

Pulling the year-end interest statement (1098) for mortgage interest, then backing into the rest from the total payment amount2.

Does somebody have experience with bank statement loans?

Settlement Statement at loan closing7.

Thought I'd share what moved on my end this week and curious what everyone else is working on.This week's highlights:Cross-collateralized portfolio cash-out (75 LTV)4-property bulk cash-out refi (70 LTV)NJ SFR cash-out with limited tradeline borrower (75 LTV)$3MM Miami bank statement purchase @ 6.5%Brand new Miami condo rate/term refi underwriting to STR incomeElizabeth NJ STR cash-out (70 LTV)TN SFR cash-out on bank statement program (75 LTV)$4MM+ Malibu cash-out refi on bank statement (65 LTV)Portfolio plays, bank statement scenarios, high-balance deals, STR structures - good variety this week.Questions for the BP community:For investors: What did you close this week?

But it was larger than what I would’ve earned in a month at my previous job.More importantly, it reinforced something I’ve come to understand:Consistency in the early stages doesn’t always come from relying on traditional formulas.My bread and butter is still single-family properties that meet very specific criteria.

Their monthly statements and property management software indicate that the renter is indeed paying rent. 

A reduction would technically put us in the red, but we can also make a larger ump sum payment to reduce our financing payments.This was longer than intended.

When I disputed the amount they threatened to foreclose on me if I didnt sign the closing statement when I resold the home. 

It's all about the personal financial statement.