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:

Recorded Session

Available any time.

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Sandra Sweeney

Sandra Sweeney

Sandra Sweeney is a mortgage industry veteran with over 35 years of experience. Her varied roles in operations, loan origination, underwriting and management give her a deep understanding and appreciation for many roles present in the industry. Sandra rejoined MGIC in 2013 as an underwriter and recently transitioned to a full-time Customer Trainer and training program developer. She currently facilitates many of the MGIC national webinar courses. Sandra and her family reside by the water on Smith Mountain Lake, Virginia. In her free time, she enjoys boating, swimming, and hiking.
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