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Mortgage for rental property

I live in Michigan and I’m looking for a mortgage on a rental property. Will I have a better chance at approval if I show the lender what the property will earn in rentals? Will I qualify for better terms because of rental income? I heard that some lenders only accept lease income if a borrower has a two-year history as a landlord, does this mean that projected rental income won’t count in the qualification process? by kevinm472 from Detroit, Michigan. 9 days ago Reply


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