The lender considers your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing expenses include such long-term debts as car or student loan payments, alimony, or child support. The lender also considers cash available for down payment and closing costs, credit history, etc. when determining your maximum loan amount.
Thinking of becoming a property landlord? Here are some pointers from experienced local property managers Ellen Kay Lettings. In the…
Are you considering being a landlord? Have you inherited a property and are wondering whether renting out is an option?…
The rental market, both nationally and locally here in greater Manchester, and more specifically Rochdale is buoyant and competitive.
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