My husband and I are already approved for a mortgage, they need to know that we buy a house, two families? Is there a difference?

Yes, it is absolutely a difference. They are 70% of rental income from your current income and add it to use to qualify a higher purchase price, (you have to, because there are two single-family homes are often more expensive.) If you always as one family, ask them to both qualify. If you go to make an offer make sure you contact the lender with specific (rent, etc.) of this particular property of a letter of prior approval. In addition, 3-4 family houses, a very different animal. Even if you are allowed to acquire a family of two, are not automatically assume that you have a family shall be entitled third The deposit requirements are higher and therefore the interest rates / payments. So if you are interested in a family of 4.3, you should get the necessary qualifications for that too. You’re doing the right thing by pre-aproved before you buy!

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