Posted by comp6512 on August 04, 2003 at 15:55:02:
do a stated loan, lender only looks at your credit score. Need good credit tho.
Debt to Income ratio - Posted by Scott
Posted by Scott on August 02, 2003 at 07:31:25:
My wife and I were able to refinance our home and purchase our next home that we moved into, renting out the first. O.K. Good start. Now we are being told that our debt to income ratio is to high in trying to purchase another rental property. Now what? Is a corporation the next step? I’ve heard of people doing it with and without a corporation. If a corporation is best, which one. Everyone tells the pros and cons of each but not which is best suited to real estate. Any suggestions would be most helpful.
Re: Debt to Income ratio - Posted by CW
Posted by CW on August 05, 2003 at 20:38:50:
A stated will work for you if your FICO is 680 or more on an investor property. In fact, you might be able to finance 95-100% of the investment property.