Can I rent out a room to help me qualify for a loan?
August 27th, 2008 By Peter G. Miller
Lenders have traditionally elected not to include rent from boarders because lenders have no assurance that such income will be regular and continuing. However, in recent years some — but surely not all — loan programs have been willing to count income from boarders when qualifying mortgage applicants. For specifics, speak with several loan officers.
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