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Mortgage Lending

Mortgage Lending

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Old May 13th 2015, 11:00 am
  #16  
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Default Re: Mortgage Lending

Originally Posted by Pulaski
If you do that, and can prove the income (mortgage underwriters like to see the income in your tax return), then it doesn't necessarily impinge on your ability to borrow in the US because you can include the rent in your income when calculating how much you can borrow.

That said there are other peculiar limitations in the US on how many "conventional" mortgage loans you can have. Most lenders won't allow you to have more than four mortgage loans, and there is a regulatory cap at ten mortgage loans.
I think I'll be safe. I'm not quite the mogul those numbers would suggest. I've got my current home that I'll rent out and then just add one more in London, alongside trying to scoop up something on the cheap in Houston to live in (if anywhere in the world offers that kind of cheap then it appears to be Houston)
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Old May 13th 2015, 12:15 pm
  #17  
 
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Default Re: Mortgage Lending

Originally Posted by RickyOtto
..... alongside trying to scoop up something on the cheap in Houston to live in (if anywhere in the world offers that kind of cheap then it appears to be Houston)
I think that most states in America have cheaper low-end housing than Houston.
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