Hello all… I am curious – can anyone tell me how REFI’s under your LLC and personal DTI ratio work? I am concerned that even though we paid cash for our property that we will have trouble refinancing because our DTI is too high. Do refi’s consider DTI or is the loan solely secured with the property you are refinanicing? Thank you in advance for any and all replies!
Thee are many factors taken into account when qualifying for a loan. Income, assets, credit, landlord experience, dti, loan to value, etc…
The nice thing is that if you are strong in several of the areas it can make up for weakness in others. Such as if your DTI is very high it can sometimes be overcome by large liquid assets, low LTV, and good credit. What you need to do is speak to a good broker and present them with your scenario. They should be able to point you in the right direction. Hope this helps.