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Updated over 3 years ago on . Most recent reply
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DTI question on a cash out
We are looking at pulling funds out from a 2nd house we own. When doing the DTI calculation would a lender include money that is received regularly from things like a Real Estate syndication, Mortgage note fund and/or other investments? if so is there a time period say like a 3 months history of receipt of funds from these in order to use those as a source of income? Alternatively, will lenders look at total assets available as part of that consideration ( real estate, stocks, bonds )?
Thanks,
Chris