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Old 02-18-2008, 09:45 AM   #7 (permalink)
Loan Doctor
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Join Date: Nov 2007
Posts: 64
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I would suggest that you keep asking around. I would start off the conversation with the other brokers "do you do a lot of investor-Non owner occupied" loans. Most brokers shy away from the more difficult to do loans, like NOO, FHA, FHA Secure, etc.

Your DTI (Debt to Income ratio) may not be as you think. Rental income is counted at 75% of what you are getting/what the market will bear, and 100% of expenses. Your scores are good enough to get at least 65-80% LTV (Loan to value-the % of the value/sales price you can borrow). The other things that lenders are looking for that may be a problem is length of time you have been in the real estate business.

Charles
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