For self-employed individuals and business owners, securing a mortgage can sometimes be challenging due to the nature of their income. Traditional mortgage lenders often require extensive documentation and proof of consistent income, which can be difficult for self-employed borrowers to provide.
However, there is a financing option tailored to the needs of self-employed individuals—the bank statement loan. In this article, we will explore bank statement loans, how they work, their benefits, and considerations for self-employed borrowers.
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