I posted this part one and two series a few months ago. Some recent conversations with some Realtors and clients spurred me to repost some of this information as it appears there are some misconceptions as to how income gets calculated when using tax returns.
In Part One, we addressed how rental income is evaluated in terms of qualifying for mortgage financing. Here in Part 2, let's delve into this whole issue of using tax returns for mortgage financing, and evaluating those return schedules, a little deeper.
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Karen Burket
Valley Mortgage Grou, Conventional, FHA, VA, mortgages
You can find great local Medford, OR real estate information on Localism.com Karen Burket-Bank of Oregon Home Loans Conventional, FHA, VA, mortgages is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.