If you don’t have typical income documentation, you may need to consider alternative mortgage options, such as a bank statement loan. In this article, we at the MarketWatch Guides team will ...

Text Callout : Key Takeaways - What Is a Bank Statement Loan? If you're trying to take out a mortgage loan as a self-employed borrower, you may find the qualification process a bit more ...

A bank statement loan can help you bypass traditional tax return requirements, which can muddle the reality of freelance and business income. The paperwork to secure a second mortgage may feel ...

See how we rate mortgages to write unbiased product reviews. A bank statement loan is a type of mortgage that uses bank statements to help the borrower qualify for financing. These mortgages are ...

Hence, the bank statement loan program works for those who are unable to meet “full documentation” income and debt-ratio qualifications. What’s the catch? A borrower is going to pay a higher ...

Interest rates may be higher with bank statement loans, so borrowers should try to qualify with tax returns first, if possible. If you're trying to take out a mortgage loan as a self-employed ...

If you have the finances and a strong credit score but lack a W-2 or pay stub, a bank statement loan could be your ideal mortgage type. Self-employed people often have a tougher time getting ...

Legitimate (or even illegitimate) expenses claimed on tax returns whittle down the taxable income. Hence, the bank statement loan program works for those who are unable to meet “full documentation” ...