Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

Buying Larger Home

  I already own a home and would like to buy a larger one and keep this one also. How do I qualify for both?
 
  If you're going to rent one house out, the lender will give you a certain amount of extra credit toward your income, in consideration of the rental income you can expect.  Beyond that, I can't answer your question without knowing your financial situation, and which house you intend to live in.  Consult a mortgage broker.
    Edith
Originally published on May 24, 2008
 
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