Need help on a Refi

[Luke Carl]

Need to refi permanent residence to get rid of PMI.

I just closed on a property with one lender so I could go with her and not have another credit hit and she already has 90% of the paper work. 

I've spoken to a local bank via a referal and they said they're willing to work with me when I run out of DTI to get more properties. I'd like to build a relationship with them. Is it worth the credit hit and all the paper work or should I just do the refi with the other company and bring my next deal to the local guy??

Thanks

[Chris Mason]

Hi @Luke Carl,

If the math is being done right, and you are buying good properties, you should never "run out" of DTI. Rental income is qualifying income, even before it hits tax returns, for Fannie/Freddie loans.