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Updated over 6 years ago on . Most recent reply

User Stats

347
Posts
25
Votes
Horacio Gutierrez
  • Rental Property Investor
  • Downey, CA
25
Votes |
347
Posts

Applying for a loan using rental income

Horacio Gutierrez
  • Rental Property Investor
  • Downey, CA
Posted

Hello,

When it says you can use 75% of your rental income to report as income when applying for another home loan. Is 0.75 multiply against what is charged for rent for the month or is multiply to the cash flow I get after I subtract all expenses such as insurance, taxes, and paying the existing home mortgage?

Thanks,

Horacio

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