This is Nully, the original person who asked the question. Thank you all for your insightful answers. I think our problem is that we CANNOT get enough rent for our current condo to cover its mortgage payments. If we take 75% of the rent we expect to get, it will be just over half of our mortgage plus taxes. Meaning we'll have to cover the other half, in addition to our new mortgage. This should have been taken into account when we got pre-approved. - Mon Jun 30 2008, 14:36
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