How to Assess Personal Financials?

[William Lu]

Hi BP,

Getting more interested into REI, I would like to assess my personal financials.

On top of my head, some main factors are income, debt, FICO, and rental fees.

I feel that there is much more to consider. 

• What information would a lender want to know?
• Are there any blog post or documents that I can refer to?

Thanks,

William

[Aaron K.]

Lenders are very interested in debt to income ratio, and like to see steady income and a good Fico score, they will sometimes look at other assets in regards to your ability to pay but generally that doesn't get you a much higher loan limit unless you are putting up the assets as collateral.