Updated about 13 years ago on . Most recent reply
debt to income ratio help
I was recently turned down for a conventional loan because I was told my DTI was too high; everything else looked great except that. I have one property so far and it is turning a profit, the only other debt I have is the mortgage on my personal home and some student loans I cosigned on for my wife. With the rental property figured in I am at 48% and without it I am at 35%. Is there any other way to go about this or maybe look into something else all together? I have started an LLC for the real estate investing, but am tied to the loan personally. There has to be something I am overlooking...