Getting Your Rental Property Mortgage Approved

If you’ve ever been turned down for a mortgage on a rental property, it doesn’t necessarily mean you’re out of luck—it might just mean you were talking to the wrong lender.

A lot of people don’t realize you can use projected rental income from a property you’re buying to help you qualify for the mortgage. But here’s the key—different lenders calculate that rental income in different ways, and the method they use can make or break your approval.