Denied for a HELOC? Try This Bank Statement HELOC Strategy

Are you self-employed and struggling to qualify for a traditional HELOC because your tax returns don’t show enough income? In this video, I explain how a Bank Statement HELOC can help business owners and 1099 contractors access home equity using bank statements instead of tax returns. Many self-employed borrowers have strong businesses, high deposits, and plenty of equity, but still get denied by banks because of write-offs on their tax returns. A bank statement home equity line of credit may be a better option because lenders can use 12 or 24 months of business or personal bank statements to calculate qualifying income. In this video, I cover: ✅ What a Bank Statement HELOC is ✅ Who qualifies for a bank statement home equity line of credit ✅ How lenders calculate income using bank statements ✅ 50% expense factor vs lower expense factors ✅ Minimum credit score requirements ✅ How much equity you may be able to access ✅ HELOC draw periods and repayment terms ✅ Interest rates on bank statement HELOCs ✅ When a self-employed borrower should consider this option ✅ How to use home equity wisely for debt consolidation, business growth, or real estate investing A Bank Statement HELOC is not for everyone, and interest rates can be higher than traditional HELOCs. But for self-employed homeowners who were denied by a bank, this type of loan can be a powerful way to access equity without relying only on tax returns. If you are self-employed, have strong bank deposits, and want to see whether you qualify for a Bank Statement HELOC, reach out to Andes Mortgage today. 📲 Apply or schedule a call: https://andesmortgage.com 📧 Email: [email protected] Marcos Zambrano President, Andes Mortgage LLC NMLS #1907151 Andes Mortgage LLC is licensed in Georgia, Florida, Texas, South Carolina, and Alabama. #homeequitylineofcredit #BankStatementHELOC #selfemployedmortgage #heloc