Dear New Loan Officers and Loan Processors,
Not all rental income is calculated the same, and borrowers who own rental properties may not even be self-employed!
Take your time to explore these different rental income situations below:
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Using rental income from a primary 2- to 4-unit residence
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Calculating rental cash flow from tax returns (Schedule E) for investment properties owned personally
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Building qualifying income when the borrower has business income from investment properties
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Cash flow rental property using a lease and a vacancy factor
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Additional considerations when subject property generates rental cash flow.
Access the FULL course here 📚 4. Evaluating & Calculating Rental Income
This training is provided by MGIC.
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After completing the course, please take a moment to leave feedback. Your suggestions will be passed on to our team to see if they could implement any of these changes in the upcoming releases.
If you have any questions, please do not hesitate to contact us at academy@loanfactory.com.
Best regards,
Training Academy Team