New Home Loan with rental properties?
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We’re getting a loan for a new home. We have an object in another state and have been renting for six months. work together, a bank with which we said that rental income does not consider that the amount taken and they will give us a loan depends on our mortgage payment (for the good and the new home). I wonder if this is for all lenders. If yes, what should we do?
Yes, this is true, you have to show the rental income on 2 income tax returns.