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


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2010 Nov 8, 3:14am   1,387 views  2 comments

by toothfairy   ➕follow (0)   💰tip   ignore  

for a mortgage on a rental property?

#housing

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1   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?

2   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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