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Updated over 1 year ago,
Trouble qualifying for a mortgage
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 :)