Rental income and pre-approval letters

Did you know that if you want to keep your condo and buy a house, you cannot use the potential rental income to be approved for your new mortgage? In order to use rental income as qualifying income, you need to be able to show two years worth of steady rental income from the subject rental property.

For more information about Basking Ridge Real Estate, please contact me at your convenience.

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Jennifer Blanchard

Jennifer Blanchard is a Top Producing real estate agent in Basking Ridge with over 20 years of experience. She would love the opportunity to discuss any real estate questions you have.

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