A Home Equity Line of Credit (HELOC) allows you to borrow against your equity without having to sell it, which means reduced interest rates and property ownership.

She breezed through her application, has great references and credit score, had already paid her July rent/security deposit, has insurance in place, and is set up for auto-pay going forward.Thanks for your insights!

Now that that's in place you'll want to start building credit through that LLC so you have enough credit time & a quality score to qualify for a property using your LLC.

There are a lot of tricky rules around this, and I believe Freddie either just changed or will be changing very soon to require 1 year of property management/landlord experience in order to count future rental income when buying a new property.2nd question: All debts in which you're obligated, regardless of whether they report on your credit report, are considered in DTI.

As an example: the lender asks for a payoff letter for a credit card or some other debt so that it can be paid off at closing.

People are turning to their credit cards to buy food.

(If you see similar wording/phrasing, it may have come from you, to which I give full credit!)

sales commish  loan fees on new loans etc etc.. seems knee jerk to me.. but hey I am not finding those issues with Vegas LOW property taxs some of hte lowest in the country and unlike FLA and TX very low insurance because limited to know real issues with bad @$$ storms like those other states. 

All clear on deposits that they were credited in the loan. 

You can qualify for another Fannie Mae loan with 5% down, as long as you meet lender criteria, including debt-to-income ratio and credit score.