Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago, 09/24/2019
How to Respond to a Bank
I am in the process of refinancing (cash out) my personal home. I am almost done but the banks wants to know about my real estate business first. I actually forgot to disclose that on the application. I buy and flip houses but the company has not actually made a profit yet. I am a minority share holder (10%). I do not want to write anything that hurts my chances or effect the refi.
How should I respond? Can someone help