In this webinar presented by MGIC, we will examine the challenges of calculating rental income. Methods for analyzing rental income from both an owner-occupied, subject property and non-subject properties will be discussed. We will examine Schedule E income and expenses and how income (or losses) should be reflected on the 1003.
Other topics will include:
- Conversion of a primary residence to a rental property
- Appraisal considerations
The presentation is recommended for:
- Loan Officers
- Loan Processors
- Quality Control Staff