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Updated over 11 years ago,

User Stats

109
Posts
13
Votes
Paul Zofsak
  • Investor
  • Cypress, TX
13
Votes |
109
Posts

debt to income ratio help

Paul Zofsak
  • Investor
  • Cypress, TX
Posted

I was recently turned down for a conventional loan because I was told my DTI was too high; everything else looked great except that. I have one property so far and it is turning a profit, the only other debt I have is the mortgage on my personal home and some student loans I cosigned on for my wife. With the rental property figured in I am at 48% and without it I am at 35%. Is there any other way to go about this or maybe look into something else all together? I have started an LLC for the real estate investing, but am tied to the loan personally. There has to be something I am overlooking...

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