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Updated 8 months ago on . Most recent reply

User Stats

16
Posts
11
Votes
James Burciaga
  • Rental Property Investor
  • Houston, TX
11
Votes |
16
Posts

Question about Conventional Loan Documentation

James Burciaga
  • Rental Property Investor
  • Houston, TX
Posted

I'm working on getting a cash out refinance on a Rental property. I feel that the lender is asking for a lot irrelevant documentation. I have a small printing business, C-Corp not related to the rental property. I pay myself on a W2, I've submitted my tax returns and a bunch of other info to them, now they want to see the company's financial records. What does that have to do with a personal refi loan in my name? Is this standard practice?  It just seems excessive. 

  • James Burciaga
  • Most Popular Reply

    User Stats

    16
    Posts
    11
    Votes
    James Burciaga
    • Rental Property Investor
    • Houston, TX
    11
    Votes |
    16
    Posts
    James Burciaga
    • Rental Property Investor
    • Houston, TX
    Replied

    Thanks Kevin, that makes sense once you explain it that way. Guess I'm just feeling like I keep getting asked for more and more documentation. You would think that a LTV of 50% on a cash flowing rental would not be so difficult.

  • James Burciaga
  • Loading replies...