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QUESTION: Will lenders consider rental income when trying to qualify for a second loan?
Answered By: Charles Moore

My husband and I would like to buy a house and rent out our condo. We can put down 5% and both have over 750 credit scores. Our income is pretty high but we’re worried we won’t qualify because of our first loan. I understand some lenders used to count 75% rental income towards your income but not anymore. Do any lenders allow a flexible debt/income ratio? more...

Asked on 9/8/2009

Charles Moore

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QUESTION: How do I stop getting emails outside of my area of interest Answered By: Aman Daro more... Asked on 11/8/2009	Aman Daro
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QUESTION: Where are the best values on the Peninsula? Number of answers: 3 We are first time buyers and looking for a deal in a good school district. What ould you recommend? more... Asked on 9/8/2009	Mary Murphy
QUESTION: Will lenders consider rental income when trying to qualify for a second loan? Answered By: Charles Moore My husband and I would like to buy a house and rent out our condo. We can put down 5% and both have over 750 credit scores. Our income is pretty high but we’re worried we won’t qualify because of our first loan. I understand some lenders used to count 75% rental income towards your income but not anymore. Do any lenders allow a flexible debt/income ratio? more... Asked on 9/8/2009	Charles Moore
QUESTION: Hi, Looking forward to the launch of our new site. How often will I likely see stories from CEO Charles Moore? I appreciate his candor about the realities of the SF Bay Area market. -Peter Answered By: Charles Moore more... Asked on 8/8/2009	Charles Moore
QUESTION: Are Lending Practices Changing Almost Every Week? Example: 2 of my closings this year were FHA loans. Neither required termite (section 1) clearance. Things changed on April 1st. (how ironic) Even a traditional loan with 25% down and 800+ credit scores on a condo with a well maintained HOA is like pulling teeth. One would think that the banking institutions would want to make things smooth for the well qualified buyer. Question: Does anyone se... more... Asked on 7/13/2009

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McGuire Neighbors