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Episode 34: Can Business Owners Use Assets or Reserves to Strengthen a Mortgage File?
Truss Talk
For business owners, income on a tax return may tell only part of the story. Savings and investments can also matter when applying for a mortgage.
In this episode of Truss Talk, Jeff Miller (CEO) and Jason Nichols (CMO) explain how reserves and asset depletion may strengthen a mortgage file. They discuss the money left after closing, how certain programs calculate qualifying income from eligible assets, and the requirements for using business funds. They also cover the account statements and preparation needed to present those assets clearly.
Want to know how your assets could support your mortgage application?
Connect with our team to review your options without pressure:
Toll-Free Phone: +1 888-878-7715
Website: trussfinancialgroup.com
Fill your enquiry here: trussfinancialgroup.com/contact
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