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Stated Income Options Available
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Tax Returns versus Stated Income!
Most traditional banks will require several years of tax returns in order to qualify for a commercial real estate loan. The alternative is to use a Stated Income lender that does not verify personal income or assets. Many borrowers will simply not qualify for a commercial mortgage loan if tax returns are used due to high business expenses (and low net income). Many lenders using tax returns will also continue to verify income after the loan closes. Stated Income lenders will not engage in this practice.
The final scheduled flight from Tallahassee International Airport will leave Sunday evening ahead of Hurricane Irma, which is starting to rip its way up the state of Florida.
1. Hurricane Irma takes a toll: The massive, powerful storm started to make landfall in South Florida on Sunday morning.
Ferrari sells for record $10 million at charity auction
– rss.cnn.com
Read full story for latest details.
Eric Bolling’s son Eric Chase died on Friday night, just hours after his father lost a high-profile job at the Fox News Channel.
Saudi Arabia is still planning to sell part of its giant oil company on the stock market next year despite changes to the kingdom’s economic revival plan.