Self-Employed Borrowers - Focus on Rental Income

60 minutes

Categories: Self-Employed Borrowers | Income and Assets | Skill-based

Who Should Attend:
Loan Officers, Processors, Underwriters

Overview:
Not all rental income is calculated the same, and borrowers who own rental properties may not even be self-employed! Take 60 minutes and explore these different rental income situations:

  • Using rental income from a primary 2-4-unit residence
  • Calculating rental cash flow from tax returns (Schedule E) for investment properties owned personally
  • Building qualifying income when the borrower has business income from investment properties
  • Cash flow rental property using a lease and a vacancy factor
  • Additional considerations when subject property generates rental cash flow

Upcoming Sessions:

August 09, 2021

10:30am CDT

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September 22, 2021

2:00pm CDT

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Recorded Session

Available any time.

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Rebecca Chase

Rebecca joined MGIC in 1998 and now focuses full time on training others. She has always enjoyed sharing her knowledge to help others succeed and understand the need for the information. She currently hosts many of the MGIC national webinar courses. Rebecca began her mortgage career in a retail bank as an underwriter and then moved into production as a loan officer and sales manager. Before moving into training at MGIC, she worked as a senior underwriter. A Midwest native, Rebecca now lives with her husband in the Tampa Bay area. In her spare time, she referees college indoor and beach volleyball across the country.

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