Quote:
Originally Posted by donk.
Would not matter
100k income = 450k loan by bank, 550k loan by private
Every 1000$/mo rental income gets you an extra 200k
Add in a downpayment, this and that, stretch those numbers up/down by 20%
|
I can attest to this. Was approved for a $1M mortgage on a $70K income and $5K/mo of rental income, however only needed $800K. Credit union lender.