Debt To Income Ratio

I am trying to close two or three deals within a month. Will my first deal affect my DTI or do I have more time to work with?

Comments(2)

  • jam20029th December, 2004

    You need to give a little more information here. Deal? What kind of deal? What're you going to do with it, assuming you're buying? Will it produce any income? Going to sell it? How're you buying? WAY to vague for a meaningful answer here...

  • jrothstein30th December, 2004

    I am going to assume you are talking about closing on some investment properties:

    TYPICALLY, you wont be able to use ANY of the proposed rents on the properties to qualify for any new loan(s) until you have a 2 year history as a landlord as documented on your 1040's.

    NOW... there are exceptions but the rates are a little higher.

    If that isnt what you were referring to.... then please elaborate.

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