*NO TAX RETURNS REQUIRED. Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate.
A client who owned a rental property wanted to buy a residence for over $1 million. Part of his income was generated abroad and was not reported in the US tax returns. To enable him to get a mortgage without tax returns, he had to show reserves (after the down payment) of $250,000.
To accomplish this, we refinanced his rental property which did not have a mortgage.
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