RE: [OT] Finance question for self-employed people

2007-01-31 Thread Virgil Bierschwale
Even when I was making very good money, I typically had to buy my house loans.. They want 5 years of history so that they can make sure you are capable of sustaining the payments.. Virgil Bierschwale http://www.bierschwalesolutions.com -Original Message- From: [EMAIL PROTECTED] [mailto

Re: [OT] Finance question for self-employed people

2007-01-30 Thread Michael Madigan
You can if you have tax returns for 3 years and you prove that you are making an income. If your business is showing very little income because of high deductions, I'm not sure how they would handle it. Surely having a large down payment is going to help. --- MB Software Solutions <[EMAIL PROTE

Re: [OT] Finance question for self-employed people

2007-01-30 Thread Vince Teachout
MB Software Solutions wrote: > I get the impression that if you're self-employed, you've got slim to no > chance of getting a mortguage unless you've got tons of money in the > bank. Can you other independents give me your 2 cents on that? > We didn't have a lot of problem. We had to show 3 y

Re: [OT] Finance question for self-employed people

2007-01-30 Thread Ed Leafe
On Jan 30, 2007, at 9:33 PM, MB Software Solutions wrote: > I get the impression that if you're self-employed, you've got slim > to no > chance of getting a mortguage unless you've got tons of money in the > bank. Can you other independents give me your 2 cents on that? There are two w