rental income conventioanl 5 down tampa florida mortgage broker florida mortgage broker: I Bet This Finds You A Buyer You Thought You Lost - 08/12/15 07:35 AM
 
Client calls, wants to buy a new home, and rent out their current home that they are upside down in.
 
As the lending rules stood, they had to absorb their current mortgage payment into the equation of qualifying for a new loan and the rules precluded them from using the rental income to offset the mortgage payment.  Given that, most could not qualify. You lost a buyer.  That has been the tale time and again for many agents nationwide .
 
I hope you saved that contact because things are changing.
Starting August 15th if your buyer is upside down in their current home, they … (2 comments)

 
Tony Marra, Tony Marra (Bay to Bay Lending, LLC)

Tony Marra

Tony Marra

Tampa, FL

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Bay to Bay Lending, LLC

Address: 501 S Dakota Ave, Suite 2, Tampa, FL, 33606

Office: (813) 549-8737

Mobile: (813) 842-7999

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