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mortgage — Brooklynian

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mortgage

who knew

who knew

June 2009 edited November -1 in APARTMENTS and REAL ESTATE

How does rental income on a 1st mortgage affect mortgage affordability on a second home? For example if my 1st mortgage is $1000 per month and i charge a rental income of $1000 per month, is it a wash? Or do i get the $1000 rental income added to my gross monthly income and have the $1000 mortgage payment added to my monthly liabilities?
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