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Updated over 8 years ago,
Conventional Finance in Baltimore City with a Canadian Income
Hello BP REI magicians!
Ran into a hitch on a partnership deal yesterday and looking to see how to skirt this issue.
We're attempting a straightforward conventional loan purchase on a triplex in Baltimore City.
My investing partner is an American citizen who lives Canada and is earning a Canadian income. He contacted my mortgage broker in Baltimore yesterday and was told that they can't count Canadian income as income.
Is this standard or am I just working with the wrong mortgage guy?
If you have any advice or any leads on someone who could handle this situation, that would be great! (I'm the other half of the partnership and in Baltimore earning an income in US dollars.)
Many thanks in advance!
- Julie