Freddie Mac announced some big changes regarding rental income guidelines. One of the big changes is that you do not have to own a primary residence to finance the purchase of an investment property.  You must have a housing expense, such as renting an apartment or home, but no longer need to own your residence. They also changed the requirement for calculating rental income when a property was out of service due to renovation.  Qualifying for a mortgage with rental income can be pretty complex, so let’s talk, and I’ll help you navigate your next purchase or refinance.