Stated income loans used to be very common before the housing crisis. They were a big part of why the housing crisis occurred, but many people wonder if they are still available. When you buy your first rentals properties, getting a loan is not difficult. Most big banks will be happy to finance an investment property for those with less than four mortgages in their name. However, if you have more than four mortgages, have switched jobs recently, have a high debt-to-income ratio, or have less than stellar credit, it can be very tough to finance a rental. The big
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