Mortgage on a rental property
I purchases a foreclosure home for $36,000 cash, and put about $40,000 in materials into fixing it up. Appraised value is around $115,000. Because I couldn't get a loan for the property initially (was...
USDA vs FHA with seller pays closing?
We don't have any money to put down. We have not been putting much aside because we intended on the USDA loan, and have a small savings for reserves. I heard recently I COULD possibly qualify for FHA 0%...
Can income from my business (11 months old) count toward mortgage
I am self employed recently as well work a full time job with salary. However, income from my business is very small (around 300/mo) Can I put this income toward the mortgage anyway? Is there a min amou...
Buying a rental
If we are contemplating buying a second home, which we will rent out as a rental property - do we have to put 20% down if we are gettnig a mortgage on it?
Can I get a mortgage if I work for family?
My Wife and I both work for our family business, we have been drawing a salary for 7 months, and have worked for the company for 15 months as volunteer help prior to drawing a salary. We both received ...
Will I be denyed a mortgage because of 1,500 of unsourced money?
In the past 2 months I have deposited 1,200 in my bank account that was cash from tips. There is no way to prove where this cash came from. Will I be denyed a mortgage because of this. I don't need that...
Hello, I have been out of work for a year and just started working again...
I have excellent credit. My husband does not. Could I use my income of $29K and his income ($106k) to get a mortgage? My husband short sold on a property, but other then that has no other debt.
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