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Updated over 7 years ago,
Can using a quit-claim deed to an LLC reduce your Debt-to-Income
I purchased a home, little over a year ago with a conventional 97 loan. I am looking to purchase another property with an FHA loan, but the loan officer says my debt to income ratio is too high. So I was wondering if I quit claim deed the property over to an LLC, will I be able to reduce my debt-to-income ratio and purchase another home via a FHA Loan?