Thread: Apartments
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Old 09-30-2002, 12:42 PM  
eru
Confirmed User
 
Join Date: Mar 2002
Location: Hawai'i
Posts: 2,612
Quote:
Originally posted by L0stMind


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.
Banks.

Maybe when I become a multi millionare I will open up a loan agency only giving loands to self-employed people! It will be sort of like that old Stephan King movie with the guy who had to quit smoking. If the people don't pay up, my agency will start abucting family members and torturing them. Yes that's how it'll be.
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