Mortgages Home Loans – bankruptcy modification
answers to your mortgage loan questions
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If I plan on renting out rooms, can I qualify for a larger home loan?
Posted on July 9th, 2010 3 commentsKaty asked:
I heard that if you rent out rooms, you can qualify for a larger mortgage. I would like to purchase a 3 bedroom townhome for 199,900, but I only make $57,000 a year, which I don’t think is enough to qualify ( I haven’t talked to a mortgage place yet). If I rent out two of the rooms, do I qualify for more?Thank you.
Charlie



