Wanting to do a Heloc!!!!

[Chad Jackson]

Im wanting to do a heloc loan to be able to purchase my next property. I just have a question about D-T-I.

I rent out 2 rooms, will a bank/loaner be able to put that down as income. My back end DTI will be 28% if they do.

Any tips or advice is greatly appreciated!!!

,Thanks

[Adeva Edobor]

@Chad Jackson It depends on whether and how you report it on your taxes. The easiest way to find out is to apply for one. It doesn't cost you anything except some time on the phone. If you need a referral, let me know