If you are looking to buy a new house, and want to keep your current home as a rental property, on a Conventional loan you need to show the lender making the loan on your new home some things that you would not if you were selling your current home instead of renting it. You need to show 6 months "cash reserves" after the down payment and closing costs on the new house, and you need a 70% loan-to-value (LTV) on your current home, as evidenced by an appraisal. Read the rest of this entry »