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Posted by: Arleen E. Goscinski from ool-18b90df9.dyn.optonline.net on August 29, 2005 at 11:33:59
In Reply to: mortgage for home with rental??? posted by vanessa on August 28, 2005 at 12:00:33
Subject: Re: mortgage for home with rental???
The loan obtained on any property is based on its market value. The income generated is considered in that value, providing the rental is legal.
Forum Host's Note: Ms. Goscinski is licensed by New York State as both a real estate appraiser and a broker. She is an active member of the Columbia Society of Real Estate Appraisers, where she serves as Treasurer, and the American Society of Appraisers, where she is a past President of the Long Island Chapter and now serves on the Board of Directors. Visit her website to learn more about real estate appraising.
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