Fannie Mae-Car Lease Obligation: If a client chooses to pay off a car lease, do we need to count the debt in the ratios?

Answer: If you want to avoid adding the debt into ratios, your client would have to buy the car outright. They can have no financing whatsoever, not a lease, and not a loan to buy out the lease; nothing. Here is what Fannie says about Lease Payments (no difference in requirements for Freddie Mac, by the [...]