L/O and Mtg. experts read this, Please. - Posted by Mike-DFW


#1

Posted by Bronchick on November 09, 1998 at 11:36:00:

You can sometimes convince a new lender that your existing hous with mortgage is “sold” for purposes of evalutating debt (ie, they will county 100% of the rent rather than 75%).


#2

L/O and Mtg. experts read this, Please. - Posted by Mike-DFW

Posted by Mike-DFW on November 09, 1998 at 24:55:35:

I may be doing a L/O with some folks that are building a new home. What effect will leasing (as opposed to selling) the home have on their ability to get a new loan for the new home? They have good credit and down payment money. Do mtg. co. prefer long term leases or short term?

Thanks, Mike