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Updated about 9 years ago on . Most recent reply

Navya Rajput's profile image
Navya Rajput's profile image
Navya Rajput
  • from Westborough, Massachusetts
  • Member since Jan 7, 2016
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Navya Rajput's profile image
Navya Rajput's profile image
Navya Rajput
  • from Westborough, Massachusetts
  • Member since Jan 7, 2016
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Navya Rajput
  • Westborough, MA
6
Votes |
30
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Mortgage Brokers & Lenders

lender's deal

Navya Rajput
  • Westborough, MA
Posted

Hi all

I am currently looking for MFH in Greater Boston area and I am in talks with a lender. I have not talked to too many lenders. But she told me that for MFHs they collect 75% of the rent the property can generate which includes the mortgage payments per month. Is it common for lenders to ask for a share in rent? Can anyone please put me in contact with some lenders? 

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Ricky Beliveau's profile image
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Ricky Beliveau
  • Investor
  • from Boston, Massachusetts
  • Member since Nov 6, 2015
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Ricky Beliveau
  • Investor
  • from Boston, Massachusetts
  • Member since Nov 6, 2015
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Ricky Beliveau
  • Investor
  • Boston, MA
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Ricky Beliveau
  • Investor
  • Boston, MA
Replied

I believe you are mistaken. They are telling you that they will use 75% of the rental income to qualify for the loan. I have worked with many lenders around Boston. Happy to make some introductions for you

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