Does mortgage on Canada rental reduce US mortgage?

Do US home loan lenders look at balance mortgage on Canada rental property to calculate debt ratios? If yes, does that reduce available mortgage on US home?

Cash flow wise, my Canada rental property is a net plus and there is no need to use US funds to maintain rental property in Canada.

Since Canada property apperars on schedule E showing world wide income, it will be visible to the lenders,

US home lenders don't do much homework. They will ask about your debts. They are only intersted in getting the loan for you, so I wouldn't worry about them doing any heavy calculations.

If you have a pulse and a US credit history, you will get the loan; actually, having a pulse is probably optional.

agnelson,
Thanks.

I am very good with credit score. Fannie Mae guidelines for US for converting principal home to rental guidelines shows that you need to have at least 30 % equity in the home. If yes, then 75 % of rental income minus sum of (mortgage + taxes + Insurance+ condo fees if any) is calculated. If positive, added to your income and if negative, added to your debt.

If equity is less than 30 %, both mortgages must be used to qualify borrower for new approval.