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All Forum Posts by: John Saunders

John Saunders has started 1 posts and replied 3 times.

Post: Getting Financing - denied for DTI

John SaundersPosted
  • Investor
  • Miami, FL
  • Posts 4
  • Votes 0

@Brian Holt that would be great, thank you!

Post: Getting Financing - denied for DTI

John SaundersPosted
  • Investor
  • Miami, FL
  • Posts 4
  • Votes 0

@Michael P. Thank so much! Apologies, I neglected to mention I’m a long distance investor in Miami investing in St. Louis.

Post: Getting Financing - denied for DTI

John SaundersPosted
  • Investor
  • Miami, FL
  • Posts 4
  • Votes 0

Hello everyone, I am new to the real estate investing space.

I have been reading, listening to podcasts and I just finished long-distance real estate investing by David Greene! Great read, btw.

I’m in the process of making my first purchase, but first I’m getting a pre-approval for financing. I found the perfect place to invest, have my real estate agent and my mortgage broker. My mortgage broker broker ran the numbers I was approved based on credit, However was denied on debt to income ratio.

I have a good amount of cash reserves and I’m ready to buy. Should I look at other credit union in the area? What should I do next?