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Many people have called and or emailed me to ask if they can rent out their current home and buy a new home and use the rental income to qualify for the new home.  The answer is yes as long as you have a minimum of 25% equity in you current home which will have to be supported by an appraisal. If you don't have 25% equity you will have to qualify with both the old and new house payments without the rental income.

For more information on this subject or any other mortgage question give me a call or email me your question.

Enjoy the spring!

Dan