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Updated over 3 years ago on . Most recent reply

David Mendez's profile image
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David Mendez
  • Member since Oct 23, 2021
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David Mendez's profile image
David Mendez's profile image
David Mendez
  • Member since Oct 23, 2021
Connect
David Mendez
3
Votes |
3
Posts
Starting Out

Finding a lender for first rental

David Mendez
Posted

Hi everyone,

I was wondering if anyone in Arizona has a preferred lender? I'm refinancing my home soon and am thinking about using the equity that I'll be cashing out towards my first rental property. However, I believe rental income won't be included in my DTI since it will be my first rental property. Are there some lenders who take the rental income into consideration or is the 2 yrs a requirement?

Thank you!

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