---

assumption

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
jishida78 Joined: 26 Feb 2011 Posts: 2 1.76 Dollars($)	Posted: Fri Aug 19, 2011 2:11 pm    Post subject: assumption Like 0 Dislike 0 Hi, I have a mortgage right now but I rent it out. Now I want to assume to loan that my dad is paying for his house because of his income getting decrease. Would my my monthly income from the rent and monthly morgage payment wash out? I am trying to calculate to see if I am qualify for the DTI. Thanks. I have student loan but it is in deferr now because I am in school... would it consider bad credit for me? and is student loan will take in consideration for DTI
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Sun Aug 21, 2011 10:36 pm    Post subject: Like 1 Dislike 0 Hi jishida, The student loan won't be considered bad for you as you're in school now. Your monthly income from the rent may be taken into consideration as your income but your monthly mortgage payments will be considered as your expense. _________________ Procrastination is the enemy of your financial success
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 516 Location: Australia 82.74 Dollars($)	Posted: Mon Aug 22, 2011 12:04 am    Post subject: hi jishida78 ! Like 0 Dislike 0 There is nothing to be afraid of having a student loan. However, you will definitely have a hard time repaying your loan. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker
raymond Community Expert Joined: 03 Jul 2009 Posts: 1191 Location: Irvine, California 28.24 Dollars($)	Posted: Mon Aug 22, 2011 5:42 am    Post subject: Like 0 Dislike 0 How long have you been renting your property? And have the renters always paid on time? _________________ Raymond Denton www.RaymondDenton.com

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0