Ask the Expert: Buying a Home While Owning a Business
www.honhl.com 808.681.7500 loansonline@honhl.com Question: I’m a small business owner. What should I do to ensure I’m in the best position to finance a new home? Answer: When someone wants to buy a home or refinance one, a mortgage company looks at three main criteria: the applicant’s credit, funds for the down payment and closing costs, and debt-to-income ratio. The first…