I have a tricky loan situation and need to find a lender ASAP for a $450k single family residence, owner occupied…
I am having trouble getting financed because I have a vacation rental and my broker has told me that I have to claim 100% liability on the rental because there is no long term contract. No tax returns on the place yet because I have owned less than a year, but have had it occupied almost 100% since I have owned it. With this being said, it puts me over the 50% debt to income ratio.
Would appreciate any and all input.