đŸ’¼Business owners (and realtors – look into setting up a PREC see blog link here), are you retaining money in your business by not taking a fair amount of salary due to growing your business or simply trying to save on personal taxes? And at the same time, you are having trouble qualifying for a mortgage due to the low personal income you are showing?
đŸ’¡This may be a gamechanger for you:
There are some lenders that would consider part of your company’s income after tax IN ADDITION to your personal income, which would significantly increase your borrowing power for a mortgage. This is a win-win situation with tax and mortgage. đŸ˜™
đŸ”‘The key is to find those lenders – please reach out to a mortgage professional near you. đŸ˜‰
