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  • July 24, 2008 at 2:49 PM in reply to: New “Buy-and-Bail” rule #246212
    gn
    Participant

    [quote=gn]Just to be clear, consider the following scenarios:

    1. John currently owns & lives in a house. He has 30% equity in that house. He wants to buy another house to live in & rent out his current house. Does he need to be able to carry the payments on both homes to qualify for the loan ?

    2. Mike currently owns & lives in a house. He wants to buy another house to rent out. The house he wants to buy is currently vacant. If Mike has a 30% down payment, does he need to be able to carry the payments on both homes to qualify for the loan ?[/quote]

    Jim Klinge, SD Realtor & HLS,

    Can you weigh in on this ?

    Thanks.

    July 24, 2008 at 2:49 PM in reply to: New “Buy-and-Bail” rule #246362
    gn
    Participant

    [quote=gn]Just to be clear, consider the following scenarios:

    1. John currently owns & lives in a house. He has 30% equity in that house. He wants to buy another house to live in & rent out his current house. Does he need to be able to carry the payments on both homes to qualify for the loan ?

    2. Mike currently owns & lives in a house. He wants to buy another house to rent out. The house he wants to buy is currently vacant. If Mike has a 30% down payment, does he need to be able to carry the payments on both homes to qualify for the loan ?[/quote]

    Jim Klinge, SD Realtor & HLS,

    Can you weigh in on this ?

    Thanks.

    July 24, 2008 at 2:49 PM in reply to: New “Buy-and-Bail” rule #246368
    gn
    Participant

    [quote=gn]Just to be clear, consider the following scenarios:

    1. John currently owns & lives in a house. He has 30% equity in that house. He wants to buy another house to live in & rent out his current house. Does he need to be able to carry the payments on both homes to qualify for the loan ?

    2. Mike currently owns & lives in a house. He wants to buy another house to rent out. The house he wants to buy is currently vacant. If Mike has a 30% down payment, does he need to be able to carry the payments on both homes to qualify for the loan ?[/quote]

    Jim Klinge, SD Realtor & HLS,

    Can you weigh in on this ?

    Thanks.

    July 24, 2008 at 2:49 PM in reply to: New “Buy-and-Bail” rule #246424
    gn
    Participant

    [quote=gn]Just to be clear, consider the following scenarios:

    1. John currently owns & lives in a house. He has 30% equity in that house. He wants to buy another house to live in & rent out his current house. Does he need to be able to carry the payments on both homes to qualify for the loan ?

    2. Mike currently owns & lives in a house. He wants to buy another house to rent out. The house he wants to buy is currently vacant. If Mike has a 30% down payment, does he need to be able to carry the payments on both homes to qualify for the loan ?[/quote]

    Jim Klinge, SD Realtor & HLS,

    Can you weigh in on this ?

    Thanks.

    July 24, 2008 at 2:49 PM in reply to: New “Buy-and-Bail” rule #246430
    gn
    Participant

    [quote=gn]Just to be clear, consider the following scenarios:

    1. John currently owns & lives in a house. He has 30% equity in that house. He wants to buy another house to live in & rent out his current house. Does he need to be able to carry the payments on both homes to qualify for the loan ?

    2. Mike currently owns & lives in a house. He wants to buy another house to rent out. The house he wants to buy is currently vacant. If Mike has a 30% down payment, does he need to be able to carry the payments on both homes to qualify for the loan ?[/quote]

    Jim Klinge, SD Realtor & HLS,

    Can you weigh in on this ?

    Thanks.

    July 24, 2008 at 1:10 PM in reply to: New “Buy-and-Bail” rule #246117
    gn
    Participant

    Just to be clear, consider the following scenarios:

    1. John currently owns & lives in a house. He has 30% equity in that house. He wants to buy another house to live in & rent out his current house. Does he need to be able to carry the payments on both homes to qualify for the loan ?

    2. Mike currently owns & lives in a house. He wants to buy another house to rent out. The house he wants to buy is currently vacant. If Mike has a 30% down payment, does he need to be able to carry the payments on both homes to qualify for the loan ?

    July 24, 2008 at 1:10 PM in reply to: New “Buy-and-Bail” rule #246267
    gn
    Participant

    Just to be clear, consider the following scenarios:

    1. John currently owns & lives in a house. He has 30% equity in that house. He wants to buy another house to live in & rent out his current house. Does he need to be able to carry the payments on both homes to qualify for the loan ?

    2. Mike currently owns & lives in a house. He wants to buy another house to rent out. The house he wants to buy is currently vacant. If Mike has a 30% down payment, does he need to be able to carry the payments on both homes to qualify for the loan ?

    July 24, 2008 at 1:10 PM in reply to: New “Buy-and-Bail” rule #246271
    gn
    Participant

    Just to be clear, consider the following scenarios:

    1. John currently owns & lives in a house. He has 30% equity in that house. He wants to buy another house to live in & rent out his current house. Does he need to be able to carry the payments on both homes to qualify for the loan ?

    2. Mike currently owns & lives in a house. He wants to buy another house to rent out. The house he wants to buy is currently vacant. If Mike has a 30% down payment, does he need to be able to carry the payments on both homes to qualify for the loan ?

    July 24, 2008 at 1:10 PM in reply to: New “Buy-and-Bail” rule #246329
    gn
    Participant

    Just to be clear, consider the following scenarios:

    1. John currently owns & lives in a house. He has 30% equity in that house. He wants to buy another house to live in & rent out his current house. Does he need to be able to carry the payments on both homes to qualify for the loan ?

    2. Mike currently owns & lives in a house. He wants to buy another house to rent out. The house he wants to buy is currently vacant. If Mike has a 30% down payment, does he need to be able to carry the payments on both homes to qualify for the loan ?

    July 24, 2008 at 1:10 PM in reply to: New “Buy-and-Bail” rule #246335
    gn
    Participant

    Just to be clear, consider the following scenarios:

    1. John currently owns & lives in a house. He has 30% equity in that house. He wants to buy another house to live in & rent out his current house. Does he need to be able to carry the payments on both homes to qualify for the loan ?

    2. Mike currently owns & lives in a house. He wants to buy another house to rent out. The house he wants to buy is currently vacant. If Mike has a 30% down payment, does he need to be able to carry the payments on both homes to qualify for the loan ?

    July 15, 2008 at 3:50 PM in reply to: Where the Shadow inventory might be hiding. #239831
    gn
    Participant

    I thought lenders have been selling these toxic loans to investors rather than foreclosing.

    http://mortgage.freedomblogging.com/2008/07/05/only-one-way-to-make-money-in-foreclosures-investor-says/

    July 15, 2008 at 3:50 PM in reply to: Where the Shadow inventory might be hiding. #239971
    gn
    Participant

    I thought lenders have been selling these toxic loans to investors rather than foreclosing.

    http://mortgage.freedomblogging.com/2008/07/05/only-one-way-to-make-money-in-foreclosures-investor-says/

    July 15, 2008 at 3:50 PM in reply to: Where the Shadow inventory might be hiding. #239974
    gn
    Participant

    I thought lenders have been selling these toxic loans to investors rather than foreclosing.

    http://mortgage.freedomblogging.com/2008/07/05/only-one-way-to-make-money-in-foreclosures-investor-says/

    July 15, 2008 at 3:50 PM in reply to: Where the Shadow inventory might be hiding. #240031
    gn
    Participant

    I thought lenders have been selling these toxic loans to investors rather than foreclosing.

    http://mortgage.freedomblogging.com/2008/07/05/only-one-way-to-make-money-in-foreclosures-investor-says/

    July 15, 2008 at 3:50 PM in reply to: Where the Shadow inventory might be hiding. #240034
    gn
    Participant

    I thought lenders have been selling these toxic loans to investors rather than foreclosing.

    http://mortgage.freedomblogging.com/2008/07/05/only-one-way-to-make-money-in-foreclosures-investor-says/

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Viewing 15 posts - 331 through 345 (of 1,107 total)
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