Does buying a rental property affecting your own home loan?
Ok where we live right now, we are renters. We don't own our own home yet. I was wondering if I was to buy a home to rent out to tenants, would that effect my chances of getting a home loan when we are ready to own our own home? I wasn't sure what type of loan I'd be getting for the loaner. If it was going to be based off of my credit or the value of the property.