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New user with a mortgage question
Hi all,
I currently own a house and am trying to secure another mortgage to purchase a property to flip. I rent two rooms in the house I live in. I was told by Wells Fargo that my rental income would not be acceptable for use in my debt to income ratio unless it has been shown on my taxes for two years. The leases were just started this year. Is there any way around this? I will not be able to secure a large enough loan without showing this income.
Thanks,
Brandon