Pre-qulifying and using a Private Lender

[Ricardo M.]

I made an appointment to pre-qualify with a mortgage broker to purchase investment property. On my own credits, I qualify for $260,000 loan at 5%APR and 25% down payment.

I have a private investor lined out with $70,000 for the down payment if needed, but the Mortgage Broker told me my income-to-debt ratio would be to great if I included the $70,000 in my pre-qualification.

His advice was to have the private lender deposit the $70,000 into my account for 60 days to season it, then there would be no questions asked.

How would I structure the $70k with the private lender and keep the payments off my debt, and cover the PV legally?

I appreciate any insight and alternative advice.

Thanks-

Ricardo Martinez