About Bret Temple Expertise I can answer any question that pertains to Real Estate Finance, both in Residential and commercial Real Estate. This includes questions on Financing the purchase of a new home, refinance, debt consolidation, 100% Financing Loans, FHA, VA, and pers/Sters Loans as well just to name a few.
Experience I have over 10 Years in the Mortgage Lending Field, working as both a Banker, and now currently owning my own Mortgage Brokerage Firm. I specialize in working with Family Law Attorneys, Estate Attorneys, and First Time Home Buyers, although I don't limit myself, and welcome any kind of client in need of financing. Because I also Interned at Merrill Lynch, I have thorough knowledge of Financial Planning and utilize that knowledge when helping someone to find the proper loan to suit their needs. I am also qualified to assist clients in credit counseling, at no charge to them at all.
Organizations Southland Regional Association of Realtors
Education/Credentials Bachelor Degree in Business Administration (emphasis on Finance)
California State Real Estate License
Awards and Honors Highest Producing Agent 2004, 2005, 2006
I'm trying to refinance my house, and I have good credit and plenty of equity. But, I'm a small business owner, and I pay my taxes in arrears, meaning I file my return, wait for a bill from the IRS, and set up a payment plan. I always make my payments on time, and have been doing this for years. Presently I'm paying on my 2007 taxes, and am waiting on the bill from the IRS in order to set up my 2008 taxes (billing takes about a month, I filed the beginning of this month.)
My question, with all of the rule changes, will this cause a problem with me getting financed??
Thanks so much for your time!
Zak
Answer HI Zak,
You will need some kind of income documentation in order to refinance. By now, the Lender will be expecting you to have your 2008 returns completed as extensions are due in September. You might want to have your CPA do a Profit/Loss statement and the lender may take that instead of your returns. Good luck.
About Real Estate Home Mortgages
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here
