Please Forgive This Dumb Question...

It's late and everyones closed so I'll make this as quick and easy as possible. I'm calculating my debt/income ratio and I don't remember if my current rent should be included in my figures. I'm thinking no because if I buy a new place I shouldn't have rent, but if I'm buying a rental property than I'll still have rent, thus I'll need to include it. Could someone please tell me if I have to include my current rent in a debt/income ratio...

Comments(1)

  • DaShow23rd October, 2004

    No you don't have to include it. You answered your own question. Obviously you won't still be paying rent when you buy the house.

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