Real estate blog entries tagged with delgado by Mike Jones (SUNSTREET MORTGAGE, LLC)

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Home : Blogs : Mike Jones : Tucson AZ Home Loan Info : Tag "delgado"

delgado: Tucson Loan Officer Indicted by FBI - 11/21/11 05:28 PM

From time to time, I'll have to deny a purchase money loan application where the borrower's documentable income is insufficient for a loan approval. Self-employed borrowers often find themselves in this situation, especially in the last two years as underwriting guidelines have tightened up.
It's understandable that taxpayers want to minimize their taxable income. The rub comes when the borrower asks "if there's any way" to bump up the income. My standard reply is to ask if they want to show more income on the current year's Tax Return and put off the purchase until such time as that can be … (13 comments)

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Mike Jones

Tucson, AZ

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SUNSTREET MORTGAGE, LLC

Address: 2840 E Skyline Dr, Suite #230, Tucson, AZ, 85718

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