Updated over 9 years ago on . Most recent reply
How does debt to income come into play for multiple loans?
Hello! My mom and I are both on a FHA mortgage for a house that I currently reside. This property is also a rental property, so we are making cash flow on top of monthly payments. My mom is wondering if she can get another loan for a rental property, since her debt to income ratio was almost too low for the FHA mortgage. Does the income from this property help get another loan? How does one manage to get multiple loans? Thank you in advance!