I'd like to buy a foreclosed house in my neighborhood, what loan products are available?

Answers:2   |   LastUpdateAt:2012-08-15 14:48:03  

Question
sha'kira
Asked at 2012-08-13 21:29:37
I bought my first house in August this year and I have 2 roommates help me with the cost. What to do about $ 7000 gross per month in my full time job and about $ 1050 per month for my 2 roommates. My credit score is 789 and I have no other debt on my mortgage . I would buy another house in my neighborhood and rent it out , but do not have much cash for another payment.
Answer1bobbi help pleaseAnswered at 2012-08-14 08:39:35
i did not state where you live, but I suggest you wait before
buy anything else ....... unless you can save 50 % --- or
get a prop county tax foreclosure .

You can get a new loan LTV 80% in the new home - or perhaps
even 100% if you are moving to it.
Answer2Dats丹其这是救世主的男士;世界领袖英雄豪æAnswered at 2012-08-15 14:48:03
Because this is considered an investment property , you will need a little down, probably at least 10%.
Related Questions
1
  • Answer This Question:I'd like to buy a foreclosed house in my neighborhood, what loan products are available?