Zillow Advice: Refinance - Is a scedule e commercial mortgage figured in the back end ratio for a primary home refi? http://www.zillow.com/advice-thread/Is-a-scedule-e-commercial-mortgage-figured-in-the-back-end-ratio-for-a-primary-home-refi/461943/ Zillow Advice | Zillow Real Estate As a matter of fact, you ... http://www.zillow.com/advice-thread/Is-a-scedule-e-commercial-mortgage-figured-in-the-back-end-ratio-for-a-primary-home-refi/461943/ As a matter of fact, you should be able to take the net off Schedule E and even add back any non-cash expenses such as depreciation and amortization which could be substantial. Doing this for 2 yrs and averaging should be acceptable if income is increasing. You may need to find a lender that is much more competent at tax return analysis. Good luck. Fri, 05 Oct 2012 10:49:00 GMT http://www.zillow.com/advice-thread/Is-a-scedule-e-commercial-mortgage-figured-in-the-back-end-ratio-for-a-primary-home-refi/461943/ 2012-10-05T10:49:00Z If your Schedule E shows ... http://www.zillow.com/advice-thread/Is-a-scedule-e-commercial-mortgage-figured-in-the-back-end-ratio-for-a-primary-home-refi/461943/ If <strong>your</strong> Schedule E shows net income then that should be counted as income provided there is a 2 yr history and income is averaged. As 50% owner you are only entitled to 50% of the net income. Schedule E would show mortgage payment as expense so it is deducted before net income is determined. It would not be a negative and counted against debt.<br/>Ask them to explain their rationale and seek another lender assistance if necessary. Sat, 29 Sep 2012 17:41:00 GMT http://www.zillow.com/advice-thread/Is-a-scedule-e-commercial-mortgage-figured-in-the-back-end-ratio-for-a-primary-home-refi/461943/ 2012-09-29T17:41:00Z