Quote:
Originally posted by eru
I hope this is not like trying to get an auto loan all over again. I fell into the category of "makes a lot of money but is self-employed and does not have tax returns yet" thus no loan ... bastards.
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I hate this "we hate self employed customers" policy that banks have.
My company has an account with one bank here. There is a substantial amount of cash in it. I was looking for a mortgage on a condo I liked downtown. I have been self employed for 2 years, have excellent credit and make some decent cash.
The bank wanted 5 years tax returns from me, 3 years of tax returns for my company and a co signer. WTF? I was planning to put like 35% down too. Shitty thing is - no 3 years tax returns for my company since it has only been around 2 years... and no one to co-sign for me.
No mortgage. So stupid.