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Updated over 5 years ago on . Most recent reply

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2
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0
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Igor G.
  • Newark, NJ
0
Votes |
2
Posts

Getting around debt to income?

Igor G.
  • Newark, NJ
Posted

I currently own, and let's say my debt to income is at 50%.  This would basically disqualify me from obtaining another mortgage. Short of moving, renting my place out, and then applying for a mortgage after I can offset my debt with the rental income, is there any other way of doing this?

I lightly peruse these boards and haven't seen much on the topic. I feel like there has to be another way, because the traditional method sounds like such a hassle, that people would be complaining about it.

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