P&L Only Loan
Secure Your Dream Home with a P&L Only Loan
Empowering Self-Employed Professionals with Streamlined Mortgage Solutions
Pros of P&L Only Loans
1
Simplified Documentation
No need to collect extensive financial documents. Your Profit and Loss statement is what matters.
2
Friendly for Business Owners
Tailored to the needs of business owners and self-employed professionals.
3
Quick and Efficient
Our P&L Only Loan process is quick and efficient, helping you close in record time.
Cons of P&L Only Loans
1
Higher Cost
Compared to conventional loans, P&L Only Loans may have slightly higher costs.
2
Potential Prepayment Penalty
Although fully disclosed and optional, opting out of a prepayment penalty may slightly increase the cost.
Key Issues That Will Get Early Attention
1
Determine Eligibility
Let's review your Profit and Loss statement to verify your eligibility for a P&L Only Loan.
2
Understand Income Calculation
We'll explain how we calculate your income based on your Profit and Loss statement.
3
Prepare Necessary Documentation
We'll guide you through gathering the necessary documentation for a smooth application process.
4
Explore Your Options
Let's look at all your loan options to find the one that fits best with your financial situation.
