What Is a Bank Statement Loan and How Does It Work?
A bank statement loan is a type of mortgage designed for self-employed individuals, freelancers, and small business owners who may not have traditional proof of income corresponding to W-2 forms or latest pay stubs. Instead of verifying income through tax returns, lenders use your bank statements—typically from the previous 12 to 24 months—to determine your …
What Is a Bank Statement Loan and How Does It Work? Read More »