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Updated about 8 years ago on . Most recent reply

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13
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2
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Jessie Creighton
  • Gorham, ME
2
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13
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Multis after the first year

Jessie Creighton
  • Gorham, ME
Posted

Hi Maine people,

Here's a silly question- say I'm going to purchase a move-in ready retail-priced duplex to live in. After the first year I decide to move out, say it cashflows but only slightly (200 a month?). Will I be allowed to take out another mortgage since this one is producing income? How do lenders evaluate your debt to income in that case?

Much thanks!

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