I have a client who wants to re-finance his 4-unit building.  His credit is solid and has perfect mortgage history but standard income is not enough due to  him not claiming his rental income on his 08-09 & 09-10 taxes. Can I still use this supplemental income to increase his buying power and approve him for a re-fi?  Please contact me if you can provide any assistance....

Shannon Waldron

(312) 523-6128

swaldron@abshomemortgage.com

A new 3-4 unit property is limited to a 70% LTV on a refinance unless it quilifies for a DU REFI Plus or Freddie Refief Refi.

Did he have rental income and decided to not report it or was the propert going through rehab and now there are leases in place?

Would he consider ammending his tax returns to include the rental income?

fgilliam@metlife.com

Farley Gilliam