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Stated Income Loans: Available within Business Lending "If I wanted to go refinance my house or buy a new house to live in and get a stated income loan, I couldn’t do it," says Brian O’Shaughnessy, CEO of Athas Capital Group, based in Calabasas, Calif. "It is against the law to get a stated income loan for a consumer loan.
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Members may download one copy of our sample forms and templates for your personal use within. A Tax-Free Benefit Unlike student loan repayment (SLR) dollars given directly to employees, which are.
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A stated income loan is still attached you your personal credit. If you sign for the loan, it could cause damage if the business goes under. Make sure you have an understanding of your business revenue and ability to pay back the loan.
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Stated income loans allow those who are self-employed or do not have.. No, you do NOT need a personal guarantee if one is not already.
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S tated income construction loan programs are a good option if you fall into one or more of the categories listed below and lenders are now reintroducing them for conventional and jumbo construction as well as lot loans.. Your business and personal tax returns are too complex to decipher actual income. You have many benefits that don’t show up as a part of your income.