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Answers (4)
- GerRocka
- Contributions:4
Thank you. I have been collecting rental income since 2005 so its a steady income. Not always in present amount of $2,100,although it is steadily rented. The rental total has gone up over the years.
- Chris Corica, "Chris Corica"
- Contributions:1075
It depends how long you have been collecting rental income and how it appears it your previous years tax returns. Just to be clear, more or less income won't affect the max loan amount or loan to value.
- GerRocka
- Contributions:4
I forgot to add that I had $2,100 in rental income from other property owned. Would this be considered income?
- Chris Corica, "Chris Corica"
- Contributions:1075
In this scenario your max loan amount would be $417,000 with an LTV no higher then 80%
What can I do to get more (or better) quotes for my loan request ZR-JCVKPDQ
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