absolutely disheartened.

[John Giamundo]

I live in NY, I own a home that I live in, and it has a decent size mortgage as you can imagine. I was looking out of state for rental properties, in a particular area, looking to make contacts to explore the feasibility of doing it there. I started talking to a mortgage guy and I pretty much feel like i'm screwed now. The basic requirements as some of you may know are as follows (simple single family res.) 20% down, credit 720 and up, DEBT TO INCOME RATION of 36% or lower. I make a decent salary. I just have NY expenses. I'm pretty sure I am out of the game. So frustrated.