one way to turn a denial into an approval: One Way To Turn A Denial Into An Approval…
- 03/29/15 10:46 PM
Sometimes the difference between getting an approval on your loan or not comes down to what documentation your loan officer decides to leave out of a loan submission.
I’ll give you an example…
Let’s say you work a regular job, and at the end of the year you get a W-2.
Now let’s say last year you filed a Schedule A with your tax return and you took $25,000 of unreimbursed employment expenses as a deduction.
Factoring in the 25k deduction to your income calculation results in significantly lowering your income available for the loan submission.
Your loan officer sees this … (0 comments)
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