Posted by js-Indianapolis on July 20, 2003 at 16:51:07:
Some lenders do a full 100%. You need to shop around for them.
L/O - What is the effect on the sellers credit? - Posted by SBarron - CO
Posted by SBarron - CO on July 19, 2003 at 15:21:36:
I have a home owner who may be interested in a lease option. She is concerned that when she goes to buy another house in 2 years that having the loan still in here name will make it impossible for her to get another loan. Can anyone explain how a l/o would effect her credit if I haven’t excercise my option yet.
Any help here would be greatly appreciated.
Re: L/O - What is the effect on the - Posted by Kim
Posted by Kim on July 19, 2003 at 21:28:11:
After one year of solid rental income the seller should have no problem getting a second loan for a personal residence. After one year of steady performance lenders allocate 75% of the rental income to offset the loan payments. Your seller would simply be reporting passive rental income and if her debt to income ratio is good another loan should not be a problem.
HTH
re: L/O - What is the effect on t - Posted by Stewart
Posted by Stewart on July 19, 2003 at 20:16:55:
I don’t know much (I always say that 
but I would think if the lease payment is more than the loan payment it would be a wash on her debt to income ratio.