Mom wants to purchase second home. 1st mortage is paid off. Lender wants her to mortgage 1st home with? - purchase second mortgage
without pay. He said it was the best option.
There is nothing wrong with a new mortgage for the second take home and residence of 20 percent? Is it always has its share of funding? I do not understand.
Tuesday, January 19, 2010
Purchase Second Mortgage Mom Wants To Purchase Second Home. 1st Mortage Is Paid Off. Lender Wants Her To Mortgage 1st Home With?
3 comments:
Please do not listen to Cassie ...
Advice I received was ... lowest rate that nobody can access your residence is occupied ... have cash in their principal residence a home has promised 2 is the best option ... a 2nd or as an investment property with much higher prices and require a lot of money for a down payment. A mortgage company is focused on a 2nd Property such as an increased risk, then the house where he lives full time, because if your financial situation is wrong to think that she would prefer to stay at the house, you pay for
I think, say a mortgage company, dass
for a non-main house, are usually required, set a 20% down. It would probably be more money for the cost of these loans - no benefit to you
To get the best price, new home, the talk of the bank is your primary residence and rented the first house - up to 20%, and you should be a fixed rate mortgage at or below will receive 5% if your income can manage the size and Mortgage is otherwise excellent
Zero Down is dangerous - the prices have not bottomed out in many areas.
take a loan against the property, the first step in security is - is not a loan rate fixed rate as low as they are, can only be upwards. Set a variable mortgage
I think, say a mortgage company, dass
for a non-main house, are usually required, set a 20% down. It would probably be more money for the cost of these loans - no benefit to you
To get the best price, new home, the talk of the bank is your primary residence and rented the first house - up to 20%, and you should be a fixed rate mortgage at or below will receive 5% if your income can manage the size and Mortgage is otherwise excellent
Zero Down is dangerous - the prices have not bottomed out in many areas.
take a loan against the property, the first step in security is - is not a loan rate fixed rate as low as they are, can only be upwards. Set a variable mortgage
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