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George M. Smiley
New Member
We are currently almost halfway through our 30 year mortgage on our home. We have been fronting for a home to purchase, but haven't found the right one yet. Also I have found the right mortgage company, (Moderated)We are planning on renting our current house when we do find something, at least for a while. Here is the question: there are some good-quality brick duplexes for sale nearby. From the listings, they have been updated and have long-term leases. Depending on how much money we put down, the mortgage payment on the duplex would be anywhere from break-even with rent completely paying mortgage, for us pocketing half of the split. I am wondering how a rental property affects getting a fresh mortgage?