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Updated over 6 years ago,
How do I get a mortgage with 25K yearly income?
Would love to get some help :)
I have 90K cash
It's the first house I'm buying
Looking for an investment property for cash flow
I don't have any debt
My income is only 25K a year.
The banks wouldn't give me a mortgage since they say that my income minus my current rent and other expenses doesn't leave me any cash for a mortgage payment even that I would be renting out the property I'm buying and that would cover the mortgage.
Any ideas how to get a mortgage with those numbers assuming I'm not going for primary house?
Thank you!