Does anyobody know if there is a loan co. that will take on two house mortgages?
looking for 2 loans as 1. 2 houses and 1 payments and 1 interest 1 principal. Living in las vegas now is crazy and we need to find out. The best way to live…, anybody game for this one? The market has fallen and we need another way out before leaving.
Tags: anyobody, House, Know, loan, Mortgages, Take, There
I would be very cautious on acquiring a second mortgage. That’s 2x’s the monthly payment. What if you lose your job? Can you pay both? 2 Mortgages= Big mistake!
Hi Kacey,
Do yourself a favor and stay away from mortgage brokers you cant sit down and talk to, especially if they solicit you on a national website that forbids it!
What you are looking for is a bridge loan and there are companies out there who will still do this. However, your credit will need to be very good and so will your income. You may need to put some money down as well.
Protect yourself, find a mortgage broker you trust, someone local – it is much harder to lie to some one in person.
All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusingand are easier to qualify for than conventional loans. They are also guaranteed to the lender, which allows the borrower to obtain more favorable loan terms.
Wells Fargo! They will handle this.
Ignore the circling sharks.