|
|
Post by Sonya on May 13, 2016 15:45:18 GMT
Borrower just rented his house out this year and therefore income is not reported on his tax returns yet. Are we allowed to use rental income?
|
|
|
|
Post by Josh on May 18, 2016 18:00:49 GMT
yes.
You'll need the 12 month Lease agreement, security deposit and any rent received would be helpful. I don't remember if there is an equity requirement for the previous primary (used to be 30%). Oh and there's a vacancy factor to take into account as well.
|
|
