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Updated almost 5 years ago on . Most recent reply

User Stats

32
Posts
7
Votes
Bret Habura
  • Accountant
  • Chicago, IL
7
Votes |
32
Posts

Debt Ratio - Living with Roommates

Bret Habura
  • Accountant
  • Chicago, IL
Posted

Hi,

I am in the process of closing on a property and my lender informed me that my debt to income ratio may be too high. I live with roommates and in total our rent is $3600/month. My portion of the rent is $900. It sounds like he is going to use the $3600 amount. Is there anything I can do to fix this so that the deal goes through?

Thanks,

Bret

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