If I purchase a multi-family home for my primary residence, what percentage of the rental income is used to qualify for the mortgage?
When I purchased a duplex in 1996, I believe that 75% of the rental income was allowed to help me qualify for the mortgage.
Asked by Brady
Answered by Brian Howell
Mortgage Broker in Castle Rock, CO
No Brady it usually isn't. I would recommend sending two separate checks for $100...
Asked by Danny
Asked by MORE DIOP