{"id":3044,"date":"2017-05-27T21:24:12","date_gmt":"2017-05-27T21:24:12","guid":{"rendered":"http:\/\/commercial-financing-real-estate.com\/blog\/commercial-real-estate-financing-news-more-big-auto-lender-only-checked-8-of-applicants-incomes-more-05272017\/"},"modified":"2017-05-27T21:24:12","modified_gmt":"2017-05-27T21:24:12","slug":"commercial-real-estate-financing-news-more-big-auto-lender-only-checked-8-of-applicants-incomes-more-05272017","status":"publish","type":"post","link":"https:\/\/commercial-financing-real-estate.com\/blog\/commercial-real-estate-financing-news-more-big-auto-lender-only-checked-8-of-applicants-incomes-more-05272017\/","title":{"rendered":"Commercial Real Estate Financing News + More: Big auto lender only checked 8% of applicants' incomes + MORE 05\/27\/2017"},"content":{"rendered":"
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Health-Care Office Building Financing – More Info Here!<\/a><\/h1>\n

Stated Income Loan Programs<\/big><\/b><\/h2>\n

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Call BRT Financial @ 904-551-6090<\/h2>\n

\nTax Returns versus Stated Income!<\/b><\/p>\n

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.<\/p><\/div>\n

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Sean Hannity hangs on to sponsors after controversial week<\/a><\/h2>\n

– rss.cnn.com<\/small><\/div>\n

Sean Hannity closed perhaps the most controversial week of his broadcasting career by taking a vacation. When he returns to work next week, his prime time Fox News program will have a slightly smaller slate of sponsors.<\/div>\n

Continue Reading On rss.cnn.com \u00bb<\/b><\/a><\/div>\n

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Treasury secretary's fianc\u00e9e to resign from Hollywood CEO job after senator's criticism<\/a><\/h2>\n

– rss.cnn.com<\/small><\/div>\n

Treasury Secretary Steven Mnuchin’s fianc\u00e9e will sever ties to the Hollywood business Mnuchin once headed.<\/div>\n

Continue Reading On rss.cnn.com \u00bb<\/b><\/a><\/div>\n

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Yahoo's top news editor will leave after Verizon sale<\/a><\/h2>\n

– rss.cnn.com<\/small><\/div>\n

Megan Liberman, the editor-in-chief of Yahoo News, announced Friday that she is leaving the company after the completion of its merger with Verizon.<\/div>\n

Continue Reading On rss.cnn.com \u00bb<\/b><\/a><\/div>\n

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Big auto lender only checked 8% of applicants' incomes<\/a><\/h2>\n

– rss.cnn.com<\/small><\/div>\n

Nearly 107 million Americans have an auto loan.<\/div>\n

Continue Reading On rss.cnn.com \u00bb<\/b><\/a><\/div>\n

<\/p>\n

\nCall BRT Financial @904-551-6090<\/h2>\n

<\/p>\n

Commercial Building Financing<\/a><\/h3>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
<\/p>\n

Health-Care Office Building Financing – More Info Here!<\/a><\/h1>\n

Stated Income Loan Programs<\/big><\/b><\/h2>\n

<\/p>\n

Call BRT Financial @ 904-551-6090<\/h2>\n

\nTax Returns versus Stated Income!<\/b><\/p>\n

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.<\/p><\/div>\n

<\/p>\n