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Forum
-> Household Management
-> Finances
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amother
Plum
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 Thu, Sep 20 2018, 8:47 pm
If I want to get a construction loan, I see they will only allow a mortgage that is less than 28 percent of your income.
My husband is self employed , do they look at paystubs or tax return?
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amother
Denim
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Thu, Sep 20 2018, 8:59 pm
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how is is his business structured? is he the sole owner of an LLC? moving money from the LLC account to a personal account in regular basis? they may accept that??
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amother
Plum
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Thu, Sep 20 2018, 9:01 pm
Yes I think it's a LLC, yes it's $ besides for his paycheck gets transferred to the personal account
Last edited by amother on Thu, Sep 20 2018, 9:06 pm; edited 1 time in total
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amother
Beige
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Thu, Sep 20 2018, 9:05 pm
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I am not sure but I work for a mortgage agency and we just got Soooo many amazing programs for construction loans, self employed borrowers, investor. U can call my supervisor Ann Zeilingold who knows morgages inside and out and had been doing them for over 30 years. She will guide you. 914-260-9000.
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amother
Denim
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Thu, Sep 20 2018, 9:07 pm
| hadas15 wrote: | | Yes I think it's a LLC, yes it's $ besides for his paycheck gets transferred to the personal account |
the money moving from the LLC to the personal account is the 'paycheck'.
Assuming he is the sole owner of this LLC its all on his 1040 tax return anyway. Are you worried about providing the 1040?
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