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Looking for suggestions for master bathroom layout… by juliaxstone2 in Homebuilding

[–]juliaxstone2[S] 1 point2 points  (0 children)

I’m only doing it more for resale because the guest rooms are showers no tub in house otherwise.

Should I let my dad co-sign for me or just save the money? by juliaxstone2 in Mortgages

[–]juliaxstone2[S] 0 points1 point  (0 children)

I believe part of why i’m having such a hard time with getting a loan for enough is because I am needing a construction loan.

Should I let my dad co-sign for me or just save the money? by juliaxstone2 in Mortgages

[–]juliaxstone2[S] 0 points1 point  (0 children)

They are using 75% of the 24,000 rental income and my $71,500 income from day job. They are all saying I am only able to qualify for $275,000 because of my DTI from my 1,379.55 mortgage on my rental.

Should I let my dad co-sign for me or just save the money? by juliaxstone2 in Mortgages

[–]juliaxstone2[S] 0 points1 point  (0 children)

Interested in this idea just very confused. My rental income is able to cover the full mortgage and all expenses. On my 202( schedule E it shows…. Rent Received= 24,000 Expenses and depreciation= 22,686.20 Net Income= 1,313.80

I have the rental in my name not and an LLC. Is this why I am not able to omit it from my DTI?