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One of the things we need to do while running your application if you own multiple rental properties is fill out a lender’s rental worksheets.
Now, not every lender has a rental worksheet, but the ones that do usually offer a very favorable approval or likelihood of approval for you compared to those that are just using the 50% as income.
These worksheets do differ between lenders, but they can serve to increase the amount of rental income you are able to use in order to qualify for a mortgage.
Talk to a Mortgage Professional
If you would like to see how using a rental worksheet can help you qualify for a mortgage more easily, we would be glad to help.
Simply book a free strategy call at the link below and we can break down the worksheet process and its immediate effects.