Asked by Beau Buck, San Francisco, CA • Thu Feb 5, 2009
I have been self-employed for 30 years, and my bankers are telling me that stated income loans, which mine would be, are simply gone. I have substantial assets, but was declined for a 300k 80% refi because my 75k income wasn't sufficient. As a self-employed person I try to show as little taxable income as possible. Do I have any options?
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