negative income

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Ask the Underwriter: Negative self-employment income? No problem… hereÕ how to exclude it!

Mar 13, 2018By

When co-borrower income that is derived from self-employment is not being used for qualifying purposes, the lender is not required to document or evaluate the co-borrower’s self-employment income (or loss). Any business debt on which the borrower is personally obligated must be included in the total monthly obligations when calculating the debt-to-income ratio.