Business and Personal Mortgage Issues

In a tight lending environment, it is more critical than ever that all supporting financial documents to proposed lenders be developed to reveal the strength of the project and the correct and proper financial position of the entity seeking the mortgage. One reason a mortgage may be declined is that tax returns do not express the ratios some lenders require even though the project is adequately capitalized. Many commercial properties also are too unique for traditional banks, although the project would qualify on its fundamentals. Know what strategies make sense for your deal before you approach your credit sources.

Check out my checklist of Top 10 Things to do BEFORE You Go to the Bank.

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Rick Packo

Rick Packo, CPA
More about Rick Packo

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