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Updated over 7 years ago, 07/12/2017
Getting mortgages with low employer income shown
I've been a server at a high end restaurant clearing $55,000+ every year, but only showing $15,000 on paper. I currently have 3 single family homes mortgaged with the bank, and no longer can keep building my real estate portfolio due to very low employer income, so it looks like i cannot support another mortgage. any way around this to keep building? is private lender at high interest rate the only way? HELP please
Traditional lending is not possible. You can try portfolio lender,If you can show income through 12-24 month bank statements.