Updated almost 2 years ago on . Most recent reply
Can I qualify for a new mortgage using prospective rental income?
How lenient are lenders in the current economy with deducting prospective rent when seeking a mortgage on an investment property?
I'm wanting to downsize, rent out my current home (45% equity atm), and purchase a new primary residence.
Most Popular Reply
Lenders should be taking the mortgage off your DTI if you are collecting rental income. I believe it is 75% year one and 100% after that.