mortgage loan approval question?
if i rent my current home, will this mortgage debt be considered for my application for a second home loan. I have my first home is rented, where tenants are paying the mortgage. So will it be debt against me when i apply for second single family residence. What do i have to show (to mortgage lender) for it to NOT be considered debt. I really want to get a mortgage for a second home. Please qualified people answer this. Serious only. thanks