Tax Returns vs Business Bank Statements

Cornerstone Mortgage Group, a leading mortgage company in New Jersey offers premier mortgage services. Whether you are looking for a home loan to purchase your first home or looking to get a better mortgage rate on your current house.

If you are self-employed and lack confidence in taking the next step towards becoming fully qualified, there is good news for you. A unique program is available that can help you overcome your hesitations and move forward in your business. This program involves analyzing your business bank statements versus your tax returns.

As a self-employed individual, it can be challenging to qualify for loans and other financial assistance because traditional lenders often rely solely on tax returns to evaluate your financial standing.

However, tax returns may not always accurately reflect your business's true financial health, especially if you have taken advantage of deductions and credits to lower your taxable income.

On the other hand, your business bank statements can provide a more accurate picture of your cash flow, including incoming and outgoing transactions, expenses, and revenue. By analyzing your bank statements, lenders can gain a better understanding of your financial situation and determine your eligibility for loans and other financial products.

At Cornerstone Mortgage Group, we offer a unique program that takes a closer look at your business bank statements to help you qualify for loans and financial assistance. Our experienced team of professionals understands the nuances of self-employment and can help you navigate the complex world of financial lending.

If you're a self-employed individual struggling to take the next step towards growing your business, contact Cornerstone Mortgage Group today. Let us help you take your business to the next level by analyzing your business bank statements and helping you qualify for the financial assistance you need.