Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago on . Most recent reply
Investment properties effecting personal loan?
Does have mortgages on your investment properties effect your ability to get a mortgage for your personal home?
Currently renting and concerned that if I have a few mortgages on my rentals that I won’t be approved for a mortgage for my own house, or be approved for much less.
Is this a concern? How do banks look at that debt on investment properties?
Most Popular Reply

- Loan Officer / Processor / Life & Health Agent
- Rancho Cucamonga, CA
- 757
- Votes |
- 1,784
- Posts
Originally posted by @Michael Y.:
Does have mortgages on your investment properties effect your ability to get a mortgage for your personal home?
Currently renting and concerned that if I have a few mortgages on my rentals that I won’t be approved for a mortgage for my own house, or be approved for much less.
Is this a concern? How do banks look at that debt on investment properties?
The best thing for you to do is work with a Loan Officer or Broker that has experience with calculating all income and evaluating your credit and assets. This way you can get pre-approved and you'll know how much you qualify for. It's also a great idea to start using a CPA that is also familiar with RE and Sch E since you'll need to report these properties moving forward.
I hope this helps and have a good one.