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Updated almost 10 years ago,
Increase Mortgage Loan
I found out this weekend I can qualify for a loan around $800,000. I'm in NYC, looking for a buy and hold in Bushwick/Bed-Stuy Brooklyn NY. I want to find a 2 family house that I'll live in one unit and rent out the second. I know with a $150 - $200 thousand increase on my mortgage I can have more flexibility to get a property to rent and have more cashflow.
What are somethings I can do to improve my loan and or other options to get funding?