Anyone know if you can use expected rental income to qualify?

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invite response
2010 Nov 8, 3:14am 1,462 views 2 comments

for a mortgage on a rental property?

toothfairy 2010 Nov 8, 3:51am

and do the banks look at total debt to total income? not just for that particular property even though it cashflows with 25% equity?

Mark_LA 2010 Nov 8, 4:05am

Yes, generally, if you have 25% equity, you can use up to 75% of the rental income to "qualify" (offset your DTI ratio).

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