Quick summary - I have a multi-family property in which I invested with another partner. We're both 50/50 and not in an LLC. I am being bought out and will eventually be off the mortgage. I currently still have all of the debt on my credit but will be removed once I get off the loan.

Does anyone know the impacts (if any) it may have on potential rates I get for another home (looking for single family right now just for myself)? Are there best practices to getting information to the loan officers about proving I won't have that debt once I'm off the loan? Does it matter? Any help would be appreciated. If anyone needs more information please let me know as well didn't want to drag out too much information if not needed.

Thanks!