What would you do? Income/assets when buying

Tsumitate Wrestler
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Re: What would you do? Income/assets when buying

Post by Tsumitate Wrestler »

If you intend to earn rental income it usually disqualifies you from a residential mortgage unless you are occupying more than 51% of the living space. So, you would need to budget for higher rates in these circumstances, and assume a more stringent analysis by the bank. You will want to speak to a specialized agent if this is the plan.
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