|
NE Iowa | You'll need tax returns with income that averages enough to qualify you for a mortgage. You can add back in your depreciation for your income.
Its a mathematical formula you can find online http://tcalc.timevalue.com/all-financial-calculators/mortgage-calcu...
Mortgage expense is deductible, and interest rates are better than a commercial loan. But as some have eluded to your bank will treat you like a stranger (of sorts) when you apply for a home loan. Thank sub prime lending and Fannie Mae for that.
| |
|
Mortages for farmers
