Does buying a rental property affecting your own home loan?

[Sean Casey]

Ok where we live right now, we are renters. We don't own our own home yet. I was wondering if I was to buy a home to rent out to tenants, would that effect my chances of getting a home loan when we are ready to own our own home? I wasn't sure what type of loan I'd be getting for the loaner. If it was going to be based off of my credit or the value of the property. 

[Chase Harris]

Anytime you get a mortgage for an investment property you will need to show a history of rent payments to the lender when seeking loans in the future. Usually you can use 75% of the rents you receive from a single family home to offset the mortgage payment you have. If you are in a good cash flow situation the rent and mortgage will be a wash and the investment property won't really have an impact on your debt to income ratio. Hope that helps.