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Denied and mad at the reason for denial.

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DallasLoanGuy
Super Contributor

Re: Denied and mad at the reason for denial.

yeah, this was never about number of homes owned... it was about verifiable income.

 

if you write off a lot on your taxes and claim to make $x per yr with the irs..... you have to use that same number with your lender.

 

Retired Lender
Message 11 of 13
axxy
Regular Contributor

Re: Denied and mad at the reason for denial.

Do they simplify it, by basing it on your AGI or something?  Or do they add up all your taxable and non-taxable income and deduct your writeoffs?  What if part of your income was capital gains from investments?  Those aren't reliable, so they deduct them from your income?

 

Message 12 of 13
StartingOver10
Moderator Emerita

Re: Denied and mad at the reason for denial.

See pm sent to you

Message 13 of 13
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