Comments on: What are my options in getting a new mortgage; will it be a regular one or an investment mortgage? http://www.discountmortgage.org/2009/03/25/what-are-my-options-in-getting-a-new-mortgage-will-it-be-a-regular-one-or-an-investment-mortgage/ Find Best Interest rates loans and financing Wed, 06 May 2009 23:27:57 -0500 http://wordpress.org/?v=2.8.2 hourly 1 By: Marty S http://www.discountmortgage.org/2009/03/25/what-are-my-options-in-getting-a-new-mortgage-will-it-be-a-regular-one-or-an-investment-mortgage/comment-page-1/#comment-9691 Marty S Sat, 28 Mar 2009 19:13:52 +0000 http://www.discountmortgage.org/2009/03/25/what-are-my-options-in-getting-a-new-mortgage-will-it-be-a-regular-one-or-an-investment-mortgage/#comment-9691 <a href=""><a href="http://jodysld.com">Simi Valley Real Estate</a></a> I am a mortgage broker. If I can be of service, please let me know! Martin Smith Precision Funding 877-238-6324 Ext 704 513-536-7184 877-238-6324 FAX Simi Valley Real Estate

I am a mortgage broker. If I can be of service, please let me know!

Martin Smith

Precision Funding
877-238-6324 Ext 704
513-536-7184
877-238-6324 FAX

]]> By: Beth L http://www.discountmortgage.org/2009/03/25/what-are-my-options-in-getting-a-new-mortgage-will-it-be-a-regular-one-or-an-investment-mortgage/comment-page-1/#comment-9690 Beth L Thu, 26 Mar 2009 17:27:20 +0000 http://www.discountmortgage.org/2009/03/25/what-are-my-options-in-getting-a-new-mortgage-will-it-be-a-regular-one-or-an-investment-mortgage/#comment-9690 <a href=""><a href="http://www.pabloayala.com/">Buffalo Grove property</a></a> it depends on exactly how long ago you purchased your current home. FNMA (Fannie Mae) will acknowledge you purchase of the existing home, and in some states it must be over a year ago. Also, most Lenders will require a Comp Rent Schedule on the current home, as well as you would have to have 30% Equity in your current home in order to use if as a rental home with rental income. Maybe you can carry both payments. I work in the industry and it really is different state by state. Good Luck Buffalo Grove property

it depends on exactly how long ago you purchased your current home. FNMA (Fannie Mae) will acknowledge you purchase of the existing home, and in some states it must be over a year ago. Also, most Lenders will require a Comp Rent Schedule on the current home, as well as you would have to have 30% Equity in your current home in order to use if as a rental home with rental income. Maybe you can carry both payments. I work in the industry and it really is different state by state. Good Luck

]]> By: ghothem http://www.discountmortgage.org/2009/03/25/what-are-my-options-in-getting-a-new-mortgage-will-it-be-a-regular-one-or-an-investment-mortgage/comment-page-1/#comment-9689 ghothem Thu, 26 Mar 2009 03:17:43 +0000 http://www.discountmortgage.org/2009/03/25/what-are-my-options-in-getting-a-new-mortgage-will-it-be-a-regular-one-or-an-investment-mortgage/#comment-9689 <a href=""><a href="http://northropteam.com">Frederick MD real estate</a></a> As long as you plan to live in the new house it should be an owner occupied mortgage. However, you will need to have a written lease on your current home to count the rental income in qualifying for the new mortgage and generally they count the rental income at 50% of what you receive. Frederick MD real estate

As long as you plan to live in the new house it should be an owner occupied mortgage. However, you will need to have a written lease on your current home to count the rental income in qualifying for the new mortgage and generally they count the rental income at 50% of what you receive.

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