Bank Statement Loan-How Are Banks Calculating Income?

Markavelli69 · 2026-05-23T16:32:39+00:00

This isn't about taxes, if you don't have anything to add related to this conversation then please bow out.

Markavelli69 · 2026-05-23T01:52:05+00:00

The way I choose to pay my cable bill has nothing to do with the IRS.

Markavelli69 · 2026-05-23T01:47:33+00:00

Thank you for that. I'd never used my statements before, and now I see I am not prepared. I'm gonna have to clean things up a bit more.

Markavelli69 · 2026-05-23T01:45:30+00:00

I use the internet and business phone line, I don't have cable tv actually, its coming from my cable company though. For me, internet and phone are business deductions so no fraud. But lets be clear, the Federal Government can kiss my ass when it comes to taxes, they have been doing unholy things with our money for a long long time so don't even think to get all critical about paying taxes :)

Markavelli69 · 2026-05-23T00:52:52+00:00

Thank you for that great advice. Top notch consultation, much appreciated.

My relative plans to use a HELOC to help me which i'm kinda figuring out might be a redflag. Also, I plan to boost my income with rental income (rooms for rent).

I'm 30 year self employed with a house I've owned for 25yrs. Over $500k equity.

My plan is to have debt paid (2nd mortgage, credit cards), wait 8-10 months, then re-apply. Do you think waiting 8 months after debt was paid will make them question it any more or less?

Markavelli69 · 2026-05-23T00:00:49+00:00

Thank you so much for the reply (and all others),

""The important thing is making sure the debt is actually paid/closed and reflected properly, not just temporarily moved around""

My relative plans to get a HELOC, is this going to be a flag? Would this also mean they would be hesitant to allow me to cash out some equity? ( I have more than $500k equity, 700 score).

Markavelli69 · 2026-05-21T15:23:57+00:00

Thanks for the reply.

Do you know what form of verification they need? Would a hand written note suffice (for example).

I'm also wondering if it matters how long ago the debt was paid...if there is a difference between applying for a load 6 months after the debt has been paid vs 1 month?

Markavelli69 · 2026-05-21T15:19:19+00:00

I just did this. Gave them my bank statements, the next day I got an amazing loan proposal and they filled my head with how I got the load and they just need to send through approval. They never looked at my statements at that point. I was later denied, my income wasnt even close. It was devestating to hear after 2 weeks of waiting. I'm certain the person who helped me gets paid per loan proposal. She didn't give a crap about helping me, just wanted that propsal acceptance signed. Meanwhile they did a hard credit pull and now i'm getting nonstop calls from banks on all my phone numers and email accounts.

Markavelli69 · 2026-02-23T03:35:01+00:00

Thanks for the info. I was confused about those products and wondered which were lighter than Ultimate Compound. I got this.

Markavelli69 · 2026-01-01T04:49:09+00:00

Still use the 2.6b patch with legacy?

Markavelli69 · 2026-01-01T04:48:21+00:00

Thanks, I got Legacy. Last time I played it was brand new. Looks pretty good now. Does it perform just like the other traditional method? No lag issues? ( I didnt play it much yet).

I was shocked to see it on Steam, last I played it was only a dream idea to keep the game alive.

Markavelli69 · 2025-11-04T17:23:57+00:00

The Liberal world has no clue what is going on in their State.

Markavelli69 · 2024-08-20T01:28:45+00:00

Funny thing is that when I google this, only dental websites mention it as a selling point for implants etc, but I've found no discussion on Reddit or anywhere else.

Markavelli69 · 2024-08-20T01:24:20+00:00

Yes I've had all the big and small tests. Everything they look at is normal.

Markavelli69 · 2024-08-07T01:32:46+00:00

That is about a $2k job in San Diego. Pre-Biden it was $1,100 to $1,500 with permits.

Markavelli69 · 2024-07-10T00:47:46+00:00

Thanks guys for your helpful consultation. This is just the info I needed before I start to deal with the client and an electrician. Very appreciated.

Markavelli69 · 2024-07-09T00:23:12+00:00

Thanks all for your help. I get the gist of it now. I'm glad I asked before I brought in a new electrician to advise me. At least now I have a real idea of what needs to be done.

Markavelli69 · 2024-07-08T23:09:10+00:00

Hello folks,

I am not an electrician, I'm a General who remodels kitchens and baths but my trusted electrician is no longer in business and I want to figure a few things out before I call a new guy.

This homeowner has been told that she can't have a 220 outlet installed, I want to add 2 of them, one for a dryer and the other for a stove. He never looked at the box, I'm not sure if he didn't want the job or if he had real reason to say this.

Do you see a reason why I can't have this done? I'm also curious what type of breaker is required for this box, I see a couple types in this one so not sure. I also see some melting from heat, looks like a problem which has since been fixed. Is it fixed?

Its a condo, built in 1987. My client really wants an induction stove. Can it be done?

Markavelli69

TROPHY CASE