Qualifying for 2 mortgages
Hello,
My husband and I currently own a town home. With a growing family we would like to expand to a single family home while keeping the townhouse as a rental property. Without the sale of the townhouse our down payment would be limited. We ok credit score, more than adequate income, and minimal debt. We are currently working with a mortgage broker at quicken loans who gave us a pre approval and said this p,an would be possible. I don't trust him and feel like he's just telling us what we want to hear. Any ideas on how else I could make this plan work?