What lenders look before granting a mortgage if you are self employed?
I am self-employed and owner of an LLC. Our gross income was 150 000 in 2008. We paid 50,000 and 55,000 written off as business expenses. We wrote the 60,000 Operating expenses, as if we did not have as much tax as Guy can pay our taxes to write off a lot of things found. On my tax return, it only shows my income 45.000.So I guess what I’m getting is that if the lender that you have to realize that I have a separate LLC? Or they just want to see my income was 45 000? My FICO score is 731 to now, if that makes a difference.