Calling All Business Owners! 📣 Tips On How To Qualify For Your Next Home Loan!🏡

So….. when, where, and how do you qualify for a loan while owning a business

You’re excited about now being a business owner, you are doing well, feeling great….now it’s time to buy a house!

– What does your line 31 taxable income look like as a business owner? This is a make-or-break for business owners!

– Every line item that you write off as a business owner gets deducted from your gross income.

– Catch 22 of being your own business owner: you can make a lot of money and write off a lot of things but it’s not about how much money you make but how much you keep.

– If you’re planning to buy a home in the next 2 years if you’re a business owner, getting with your lender ahead of time is strongly recommended!

Things to keep in mind:

What does your taxable income need to be?

Have you gotten with your lender or CPA?

Have you experienced a recent income structure change?

What products don’t require tax returns?

How long until you can refinance?

Please reach out if you have questions about how to qualify for a business loan!

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Allison Celeste with Movement Mortgage: Allison.Celeste@movement.com |832-545-9654

info@bridgegrouptx.com | 281-785-1456