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We are looking to purchase our first home and I have a question regarding the calculation of the Income and the NetWorth for the mortgage loan purpouses.
- We have a commercial rental property outside of US.
- We recieve rental income from this property- This property and the income is disclosed in our Federal taxes and the income tax is paid on the rental income.
My questions:-- Will this rental income be included in the calculation of our gross income?-- Will the rental asset be included in the calculation of the networth?
Thanks for your time.
My UW ask For 2 years of the Checking Account statements That I receive the Income from the 2 houses out of the US