Bank Statement HELOC: Access Home Equity Without Tax Returns
Bank Statement HELOC — A bank statement HELOC is a home equity line of credit that checks your deposit history instead of your tax returns.
Bank Statement HELOC — A bank statement HELOC is a home equity line of credit that checks your deposit history instead of your tax returns.
The lender averages eligible deposits, applies an expense factor if the statements are business accounts, and gets a monthly income figure.