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Reply To: ATR – Not using borrower income

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#12105

kowsley
Keymaster

If the director is being considered as the co-borrower on the loan, I would consider proving his ability-to-repay in the same manner you would co-borrowers on all mortgage related loans. If income is typically utilized to strengthen the loan and prove ability to repay then I would consider it on this loan as well. You also have to consider that this loan includes a director and should be underwritten with the same standards as required of all borrowers.