Does Wrap Mortgage Effect My Debt Load?

[Casey Denton]

Simple question. Looking to buy a property with a seller carried wrap. Since the first mortgage on this property will not be in my name, will this effect my debt to income ratio, thus effecting my ability to qualify for another loan in my name?

I am wanting to purchase another property with either FHA or conventional financing while still in ownership of the wrap property.

Any help is appreciated. Thanks.