Posted by rowe111 on February 25, 2000 at 15:43:43:
If you are referring to acquiring future mortgages through traditional ways like banks and lenders, you will have to qualify meaning your income will need to support your existing mortgages as well as the one you are applying for.
I have went through the CS program and have a question about a technique.
If i found a home for $100,000 and put down a 20% down payment then took out a 100% equity loan to get my down payment back and get 100% fianancing(there are loan companies in my area that will do this type of equity loan)
would this technique work repeatedly??
Please respond i need help.
Thank you everyone for your help.
This is a GREAT web site with alot of GREAT helpful people here.
Jeff