Lawful Money, Lenders and Loans

Lawful Money, Lenders and Loans

Lenders require tax returns showing taxable income to be able to approve a loan. Lawful money effectively shows income as ZERO and therefore can increase the difficulty of obtaining a loan. On the other hand, there are some lenders who will work NOT from tax returns but based on bank statements showing how much is deposited per month. Based on this information, a loan can be procured by certain lenders.

Please be aware that we cannot recommend which lender is right for a given situation - it is best to refer to a loan officer or bank representative for further assistance.

    • Related Articles

    • Does a Hard Money Lender Constitute a Private Contact Between Individuals OR Would Form a Minimum Contact

      Most hard money lenders take a lien against the property as collateral. If that's the case, there will be evidence of dealing in the public forum. Also, real estate is registered in the county, which puts it into the public forum jurisdiction to ...

    • Income Taxes and Lawful Money

      Under its power to borrow money, Congress is authorized by the Constitution to contract debt, and whenever something is borrowed it must be returned. When Congress spends the contracted private credit, each use of credit is debt which must be ...

    • Can One Claim Child Tax Credits on Lawful Money Tax Return

      If a lawful money return results in a refund of the tax year's withholdings then what can those credits be applied to for this year? Nothing. It keeps rolling over until there is taxable income to apply the credits to or it expires. The government ...

    • Is There A Recommended Lawful Money CPA (Certified Public Accountant)

      The fee for a lawful money return for an individual is $200 + 20% of one's federal liability. They have an easy online portal to submit documents. NAME: Mr. Giovanni Adolfo Paz URL: https://paztax.us/ EMAIL: office@paztax.com PHONE: +1 (747) 877-8720 ...

    • Why Can’t One Get Gold for My Lawful Money Demand?

      Federal Reserve notes serve as lawful money upon demand, the bank will not give one any other kind of money: US Bank Notes, Gold Certificates, Silver Certificates, stamps or united States Postal money orders. Do not ask for any special form, many ...