It’s important to note that I’m not a banker, realtor, or CPA. This is just my perspective and understanding. Before making a big purchase like this, be sure to talk to a professional. Every situation is different, even if the broad strokes may be similar. But hopefully this post has helped equip you with some knowledge to be prepared and get the loan you need.
Some musicians don’t take their work seriously while others get themselves into big trouble by working too hard and taking on too much. Believing in your music and working hard is essential, but going into major debt over your music or spending month after month on the road away from home leaves you at risk of burning out, which can be hard to recover from.