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Updated 8 months ago on . Most recent reply

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4
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Austin Mulhern
2
Votes |
4
Posts

Issues getting 46k mortgage loan due to Self Employment

Austin Mulhern
Posted

Self employed in the film industry, grossed about 140k last year. Trying to get a 46k loan through my credit union to buy a house off of my dad.

Bank just denied me, due to my Schedule C reporting a loss and apparently my Net Income on the schedule C was about 23k.


Did my accountant f*** me hard?

Is there anything else I can do other than buying cash? 


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