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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.
India has discontinued its two largest rupee notes in a shocking move against corruption.
Donald Trump ended his campaign the same way he began: By lambasting the journalists who cover him.
Hertz falls off a cliff after cutting its forecast
– rss.cnn.com
Read full story for latest details.
Soon, your Facebook photos could look like a Picasso
– rss.cnn.com
It’s unlikely any of us will ever paint like Picasso, but it’s getting easier to at least mimic his style.
U.S. markets hold their breath on Election Day
– rss.cnn.com
Wall Street, like the rest of America, is nervously waiting for the wild and crazy 2016 election season to finally come to a close.