Be Prepared with a Personal Financial Statement
Buyers looking to purchase commercial properties need to be prepared to provide a personal financial statement. Your personal financial statement includes current information regarding your assets, liabilities, sources of income and expenses. This information gives a quick snapshot to the bank or lender on your ability to qualify for the loan you are applying for. In addition, it shows that you understand the importance of having control of your finances and gives you credibility. Supporting documentation is additionally required by the lender such as bank statements, current pay stubs, tax returns, and a real estate appraisal. Having a current personal financial statement will set you apart from most real estate investors and homebuyers.
Click on the link to download a personal financial statement form then start filling it up!
http://onlineoffice.century21.ca/PublicStorage.c?ID=87abacdb-f191-4a56-92f4-d3a7e01ffdf0
Posted by Bob Sheddy
on July 28, 2011