Help! Investment Property 2nd's

By
Mortgage and Lending with Northland Mortgage Company, Inc.

HELP! Investment Property 2nd's

I have a client with perfect credit, plenty of reserves, and a CLTV of 88%, on a SFR, cash-out investment property.  Borrowers are looking to payoff an old 2nd and cash out some additional funds.  Everything was going fine, but recently I ran into an issue: This is a husband and wife deal and the wife is not on title, but has been on the current mortgages for 6 years.  Everyone I have spoken with will not allow her income to be used unless she has been on title for 6 months.  I need her income to qualify.   

Does anyone have any ideas?  I cannot believe I am hitting a wall on this. 

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