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Does rental income qualify when getting a second loan?

by brenton475 from New York, New York. Feb 9th 2018 Reply


Yes it does qualify just make sure you have paid the taxes from the income and your lease agreements are current.Hope this helps you on your journey.Feel free to reach out at www.onlinemortgagesource.com

Feb 12th 2018
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,414 contributions

More info needed.. By 2nd loan, are you talking about 2 loans' against the same property? or are you talking about getting another mortgage to purchase another home? Or are you talking about purchasing a home to rent out, but you want to use the projected rental income to qualify?? The short answer is YES.. but depending on your scenario, the amount used will vary.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Feb 12th 2018
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