Can I use rental property income as proof of income for a mortgage?

[quincy]

It’s a promotional offered by my local credit union at the end of April expired June 30. The caveat is that it’s variable, no higher than 7% and no lower than 5%. So far it’s remained at 7% and I expect it to remain there until the end of the year when they mature. They just offered the same promo on Sept.1st. Here I was scouring the online banks back in the spring for he best rates and the best rate appeared right under my nose!

The Alpena Alcona CD limits the deposit to $7000, too, so there is a limit on the amount of interest you can earn.

 

[Bali Hai Again]

The Alpena Alcona CD limits the deposit to $7000, too, so there is a limit on the amount of interest you can earn.

Yes, I saw that a while ago. The limit for my CU is $250k. Merrick in Utah is promoting 5.60% / 12 month CD, 25k minimum. When our CD’s mature I’m considering treasury bills depending on the climate and offers at that time. You can earn close to a CD without tying up funds for any length of time If you choose a ladder that suits your needs.

 

[quincy]

Yes, I saw that a while ago. The limit for my CU is $250k. Merrick in Utah is promoting 5.60% / 12 month CD, 25k minimum. When our CD’s mature I’m considering treasury bills depending on the climate and offers at that time. You can earn close to a CD without tying up funds for any length of time If you choose a ladder that suits your needs.

It certainly can pay to shop around.