Score Dream Homes Entrepreneurs Bank Statement Mortgage Blueprint

Financial Considerations

While Bank Statement Mortgages offer significant advantages, it's important to understand the financial implications. Interest rates may be slightly higher than traditional mortgages due to the perceived risk associated with self-employment income. Additionally, lenders might require a larger down payment, typically ranging from 10% to 20%. However, these costs are often outweighed by the opportunity to purchase a home that aligns with your entrepreneurial success.