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Registered: ‎01-30-2013
Non US Income -- Impact on US Mortgage Loan
[ Edited ]

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.