Hello,
For a business owner to qualify for a mortgage, will a Quarterly payroll be good enough or is a monthly payroll required? -- Its a NEW S-corp (started Q1 2021) with same owner / employee scenario -- where owner is running a payroll for himself as an employee but running a quarterly payroll.
Please advise -- and would appreciate if the loan experts can suggest a list of needed documents as well as any pitfalls to look out for.
Thanks in Advance.
For a business owner to qualify for a mortgage, will a Quarterly payroll be good enough or is a monthly payroll required? -- Its a NEW S-corp (started Q1 2021) with same owner / employee scenario -- where owner is running a payroll for himself as an employee but running a quarterly payroll.
Please advise -- and would appreciate if the loan experts can suggest a list of needed documents as well as any pitfalls to look out for.
Thanks in Advance.