Asked by Joe Prabil, Rockville, MD • Fri May 18, 2012
Since 2004 my wife has been renting a condo and now we are thinking of renting out our current primary residence (house) (which is only in my name) and apply for a mortgage together so that we can move into another house to live in as our primary residence. Will these two rental mortgages be held against us even if we have renters to account for them?
Any other input/recommendations/suggestions to accomplish our ultimate goal will be appreciated?
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