Hey there, savvy borrowers and financial trailblazers! Are you self-employed, rocking the 1099 life, or just looking for a more flexible mortgage option? Dive into the world of bank statement mortgages with us, where your bank statements unlock borrowing power you never knew you had! Let's unravel this financial gem together.
What Are Bank Statement Mortgages?
Gone are the days of traditional mortgage shackles! Bank statement mortgages are the superheroes for the self-employed and 1099 warriors. Instead of the usual tax returns, these loans use your 12 or 24-month bank statements (personal or business) to show your income. It's like having a financial cape that turns your cash flow into loan eligibility!
Loan Amounts That Will Make Your Jaw Drop!
Think big, then think bigger! With bank statement mortgages, you can secure loans up to a staggering $4 million. Whether it's a cozy studio or a sprawling estate, your dream property just got a lot closer to reality.
Not Just for Your Primary Castle
Whether it's your main residence, a charming second home, or an investment property, bank statement mortgages have got you covered. Flexibility is the name of the game, and these loans play it well.
LTV Ratios That Will Make You Do a Double Take
In select markets, you can enjoy up to 90% Loan-to-Value (LTV) ratios. This means more home, less upfront cash. It's like having a financial fairy godmother!
Choose Your Flavor: Prime, Prime Plus, or Second Chance
Life's about choices, and so are bank statement mortgages. Whether you're in prime financial shape, looking for something a bit more premium (Prime Plus), or bouncing back with a Second Chance, there's a fit for you.
Interest Only or Fixed Terms? Why Not Both!
Love the lower initial payments of interest-only loans? Or maybe you prefer the stability of fixed terms? Whichever camp you're in, bank statement mortgages cater to both. It's like picking your favorite ice cream flavor – there's no wrong choice!
Cash-Out Options That Will Make You Feel Like a Millionaire
Need a cash infusion? How does cashing out up to $1 million sound? Use it for renovations, investments, or even a well-deserved vacation. Your home equity just got more powerful.
Self-Employed Superstars, This One's for You!
If you're self-employed, this is your financial superhero cape. Bank statement mortgages recognize the unique challenges and triumphs of the self-employed journey. It's time your entrepreneurial spirit gets the financial respect it deserves!
The Takeaway
In the world of mortgages, bank statement loans are like finding a hidden treasure chest. They offer flexibility, power, and options tailored to your unique financial story. Ready to explore how a bank statement mortgage can unlock your property dreams? Reach out to us at Best Option Mortgage and let's chart your course to success together!
Dreaming of that perfect home or investment property? Don't let traditional mortgage requirements hold you back. Contact us today to learn more about bank statement mortgages and start your journey to financial freedom today! 🏡💼🔑