Wednesday, November 2, 2011

Loan Trouble

Well, we are approved for our business loan, however, we now need to get a home mortgage as well. Since the real estate is two separate parcels we have to get two separate loans. No issues with the business loan but the home mortgage is a completely different story. They can't use my income from the business and they can't include our rental income from our second rental property because neither are on our taxes. We are trying to work through the issues but it is all up in the air now. If one falls through the whole thing falls through.

No comments:

Post a Comment