February 8th, 2011 1:56 PM by Eric Fang
1)It's almost certain that the history lowrates are behind us. Good news is that most of my clients got the low rates, if not the lowest.
2)If you plan to use the rental income for the purchases in 2010, please filethe tax returns as soon as possible.Some lenders will allow rental income by using rental agreements. Some onlyby the rental income on tax returns.
3)If the family owns more than 4 financedproperties(for example, husband 3, wife 2),if you file the tax returns jointly, and with both names on the title, even if oneperson is applying the loan, the lender willcount it as 5 financed properties, unless the quit claim is completed before the loan application.
4)The loan application for more than 4 financedproperties is a little bit difficult to qualify,though I have one application is very near theclosing now.