Real Estate
October 19, 2018

The new way to get a mortgage with 1 year income tax returns

That is a diamond in the rough and the reason why that’s a diamond in the rough is because, if your most recent tax return shows strong positive income, but your previous years of income are very low you can still qualify.

 

How to plan the optimal time to buy a rental property

Timing is the other factor. If you bought the property in the last 12 months when the tax return is not due, then the same 75 percent rule applies.

A factor that can drive your mortgage cost up

The moral of the story is get the paperwork to the lender as quick as possible even if it seems over the top.