Home Buying Hack for Roommates

I have a great tip for you if you’re currently renting with a roommate and considering buying a home. The HomeReady program allows for you to use “boarder income” to qualify for your next home. If you’re thinking about buying a home where your roommate will continue to pay you rent, you may be able to use that rental income for qualifying for your new mortgage on a one-unit home. [Read more…]