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Updated about 9 years ago on . Most recent reply

Matt Goaley's profile image
Matt Goaley's profile image
Matt Goaley
  • from Urbandale, Iowa
  • Member since Oct 27, 2015
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Matt Goaley's profile image
Matt Goaley's profile image
Matt Goaley
  • from Urbandale, Iowa
  • Member since Oct 27, 2015
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Matt Goaley
  • Urbandale, IA
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Buying & Selling Real Estate

Rental property under contract, does bank care?

Matt Goaley
  • Urbandale, IA
Posted

If i have a rental property under contract already, and am looking at using a bank mortgage to purchase another, does the bank care or question this? Is owning a property under contract considered a debt, risk or go against debt to income when looking for a bank mortgage? Thanks.

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