Rasmey Rentals » affect http://www.ramsey-rentals.com Mon, 13 Dec 2010 04:29:55 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 How does rental property affect your income to debt ratio? http://www.ramsey-rentals.com/how-does-rental-property-affect-your-income-to-debt-ratio/ http://www.ramsey-rentals.com/how-does-rental-property-affect-your-income-to-debt-ratio/#comments Tue, 26 Jan 2010 00:39:30 +0000 http://www.ramsey-rentals.com/how-does-rental-property-affect-your-income-to-debt-ratio/ We have made an offer on a new house. We are considering turning our current house into a rental property and are extremely confident it would rent quickly.

I guess my real question is this: will the rental income “wash out” the debt owed on the house, or when we get our financing in order will they just look at the debt owed on the current mortgage?

Thank you!

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