Buyers looking to purchase a multiunit property and count projected rental income
toward loan qualification will typically need to have a two - year tax history as a landlord.
Since BAH is non-taxable, many lenders are actually able to increase the amount they use
toward loan qualification through a process called «grossing up» the income.
Not exact matches
You'll learn about real estate financing, consumer protections, rules, regulations and laws, types of
loans,
qualifications and other practical topics geared
toward real world financing in California.
Some of the reasons for continued trouble ahead in 2011, are the attitudes formed
toward homeownership by first time buyers, the impact of California's own Cap & Tax energy program, past overbuilding of high end homes based on false
loan qualification practices, and the large amount of foreclosures banks still have to process.