My husband and I have decided to rent out our current home, stay with family for 6months to a year while

Asked by Acab, San Diego, CA Wed Aug 20, 2008

saving money for a down payment for a FHA loan. Our current mortgage will adjust in 5 years. We plan to refinance in a few years when our income increases. To refinance now would not allow the rent to cover the mortgage. Do you see this as being a problem for our loan approval? Will FHA want us to fix our rate?

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