Mortgage Blog

Rental Agreement

November 29th, 2010 9:43 AM by Eric Fang

Some lenders will allow to use the rental income if you have the rental agreement. BUt only if you have the agreement for at lesat 12 months.

If you have month-to-month agreement or 6 month agreement, and if this rental is not on your schedule E of the tax return, you can not use the rental income for the loan qualification.

Posted in:General
Posted by Eric Fang on November 29th, 2010 9:43 AM

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