Loan To Buy Rental Property -

Most lenders want your total monthly debt payments to be under 43% of your gross monthly income.

These are a favorite for seasoned investors. Instead of looking at your personal income (W2s or tax returns), the lender looks at the income the property generates . If the rent covers the mortgage, you're in. loan to buy rental property

Usually 0.5% to 1% higher than standard rates. Most lenders want your total monthly debt payments