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Updated almost 11 years ago on . Most recent reply

Proposed Rental Income
Hi all,
I've been reading various places that banks have wildly different rules/rates for counting rental income as income in qualifying for a mortgage.
Just so I know what range is reasonable to expect when looking at lenders, what % of current portfolio rental income or proposed income of the to-be-purchased property do your bank lenders give you credit for in a mortgage app?
Thanks!