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.
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Does a Hard Money Lender Constitute a Private Contact Between Individuals OR Would Form a Minimum Contact
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Why Can’t One Get Gold for My Lawful Money Demand?
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