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Asker
Posted about 1 year ago.

That sounds correct Peter. But my question isn't if it is projected, unless I am misunderstanding something in your answer. I need to know if we can use that documented income amount in addition to our income to apply for the home loan. This is a loan for the rental home described above, not an additional one.

Peter J Weinman
Peter J Weinman, Real Estate Attorney - Staten Island, NY
Posted about 1 year ago.

Don't they separately ask you about your current income as opposed to the projected income of the investment property?

This may be a better question for your rep at the bank.

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Asker
Posted about 1 year ago.

I'm not sure how this is handled. I wanted to arm myself with as much info as possible before going talk to a rep, having my credit score dinged for 2 years with a hard inquiry, and then finding out that it may not be a possibility.