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Updated about 5 years ago on .

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1
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Johnny Sibdhanny
  • new york city
0
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high DTI & want a second mortgage for investment property

Johnny Sibdhanny
  • new york city
Posted

Hi i currently own a home and the mortgage tax and insurance is $1765 with a 300k loan and a 55-60k income. If i want to get a second mortgage and get a two family home. Can I potentially rent this house out for say 2400 and have 75% of that counts as income towards my next mortgage and at the same time count the potential rent from one of the two family unit to get a bigger mortgage.