Updated almost 3 years ago on . Most recent reply
Qualifying for Long Tern Rental
I currently live in my primary house with a mortgage and have a car payment and student loans. Every loan officer I have talked to so far is saying I don't qualify for an investment property because of my DTI. Obviously I can pay off the car and student loans to make my DTI better. One loan officer I talked to said they can use 75% of the current rent. So that means I need to inherit a tenant.
Is my only option to payoff my debt?