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Updated over 1 year ago,

Account Closed
  • Rental Property Investor
  • Niagara Falls, Ontario
2
Votes |
18
Posts

Trouble qualifying for a mortgage

Account Closed
  • Rental Property Investor
  • Niagara Falls, Ontario
Posted

Hey crew, question for anyone, if my fiancé and I have about 250k in debt from rental properties will we have a very tough time getting approved for say a $500k primary residence? Even at a 200k household income I’m being told by family we will never get approved for a 500k home with that debt from rentals even if they’re cash flowing nicely. Any info helps! 

I live in fort mcmurray Alberta fyi

Thanks :)

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