Updated almost 7 years ago on . Most recent reply
Applying for a loan using rental income
Hello,
When it says you can use 75% of your rental income to report as income when applying for another home loan. Is 0.75 multiply against what is charged for rent for the month or is multiply to the cash flow I get after I subtract all expenses such as insurance, taxes, and paying the existing home mortgage?
Thanks,
Horacio