Loan Officer Question

[Tyler Harrel]

Good afternoon all,

I am looking to start a discussion with those that either have experience dealing with mortgages or is a loan officer and would be able to assist me on a couple questions I may have in regards to obtaining a loan for a rental property.

When doing a 20% down on a mortgage for a rental property, what do the banks look for in the individual applying for this loan? What determining factors financially, determine whether or not the individual is approved or not?

Anything on this matter helps!

Thank you