Submitted by mommy2boy t3_10l3nk4 in RhodeIsland
ProvBroker t1_j5ysju7 wrote
Reply to comment by Mountain_Bill5743 in WHY ARE HOUSES SO EXPENSIVE by mommy2boy
Lenders will allow some income of an occupied multi-family to count towards the mortgage applicants income for the purposes of preapproval and determining spending ceiling. So often times borrowers are approved for a much higher value on a multi-family home. So sometimes it can work out to be more affordable on a monthly basis.
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