When Do You Need a Profit & Loss Statement for a Mortgage? Mortgage Mark | Dallas Mortgage Lender

Описание: Hey folks, Mark Pfeiffer here! If you're self-employed and applying for a mortgage, let’s talk about when and why a lender might ask for a profit and loss statement. It’s not about creating income—it’s about confirming what’s already been shown on your tax returns. Whether you're buying a primary home, vacation property, or investment property, this quick breakdown explains how P&Ls work in mortgage lending.

Timestamps:
00:00 Introduction
00:24 What a P&L Is
01:05 When a P&L Is Required
01:55 Example of Year-to-Date Validation
02:50 P&L Validates—Not Calculates—Income
03:36 Why Underwriters Ask for It
04:31 Can You Make Your Own P&L?
05:20 When a CPA Might Need to Audit It
06:02 Final Thoughts

Mark Pfeiffer here, the face of Mortgage Mark based in Dallas, Texas and working all over the US, US Virgin Islands, and Puerto Rico! I'm here to help you get your mortgages done smarter, better, and faster with an experienced team who cares. I manage a whip-smart team ready to help you buy your next home and reach your goals. Contact us today to get the best lending experience you'll ever have!

Mark Pfeiffer, Mortgage Loan Originator, NMLS #729612
CMG Home Loans, NMLS #1820
5495 Belt Line Rd., Suite 140, Dallas, TX 75254
Office: 972.829.8639 | Cell: 972.898.2595 | Fax: 972.782.4803
Email: [email protected]
www.MortgageMark.com

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