Has deposit income of 400k per month. Wanted to refinance her primary residence to take out cash to purchase investment properties. Closed the loan in 25 days and also financed the investment purchase
Deposits on bank statements were not consistent. Big deposits one month, little the next, etc. Borrower purchased a new primary home putting 10% down
Writes off nearly everything on taxes. Bank statements showed 30k per month in deposits. Refinanced his home to take cash out to send child to college.
He has owned several cafes and small restaurants in the area for over 15 years. He was struggling to qualify for a Home Loan using his filed tax returns. A Bank Statement loan allowed him to use his Business bank statements to qualify for a home loan. He is now the proud owner of his Dream Home.”