Financing in Stevensville : Advice

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Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
Is it possible to get pre-approved... with rather high Debt to income ratio... if I am downsizing...?
Rental income is calculated using Schedule E from the tax returns for at least 1 year (or 2 years if it's been owned for 2 years), or if it's been acquired after the most recent year's ... more
0 votes Share Flag Tue Nov 20, 2012 Financing in Stevensville
Robert Knapp, Real Estate Pro in Stevensville, MD
Robert Knapp answered:
Sticky mortgage issue, we need to move, due to job issue. However, I am not sure if we can qualify for FHA
You need to be aware of what is known as your debt to nome ratio. This is one of the tools lenders use when qualifying home buyers. To measure this ratio is to compare all housing debts ... more
0 votes Share Flag Wed Feb 16, 2011 Financing in Stevensville
S. Scott Sau…, Real Estate Pro in Queen Anne's County,...
S. Scott Saunders answered:
We have primary and an investment property, both with mortgage... which one should we try to payoff first?
One more thought....if you financial advisor suggests an alternate investment and you wish to continue to purchase rental properties, consider looking into a "self directed IRA&quo ... more
0 votes Share Flag Tue Jun 15, 2010 Financing in 21666
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