Refinancing after Quitting Job...
1 Reply
Brett Robinson
Real Estate Investor from Medicine Hat, Alberta
posted about 3 years ago
I am currently at a job making a really great yearly wage. Around 150K a year. So getting approved for mortgages is no issue yet. My question is after I scale up and make enough cash flow to sustain my life style I’d like to quit this job. After I do that will refinancing become a real issue as all I will be living off of is cash flow from my rental properties.
Not sure how this works but I can see it being a problem in my “master plan”.
Any advice or insight is appreciated.
Tyler Delbert
from San Diego, California
replied about 3 years ago
Brett, as long as you can show that your current rental income from the properties you own will fall within the Debt to Income guidelines, you shouldn’t have a problem. I’d suggest sitting down with a trusted local mortgage broker so they can give you more details.