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Private Lending & Conventional Mortgage Advice

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Kevin Korntved
  • Accountant
  • Milwaukee, WI
6
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14
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Financing in my second property

Kevin Korntved
  • Accountant
  • Milwaukee, WI
Posted Jan 9 2018, 07:07

Hi, So I purchase my first duplex by putting 5% down on a WHEDA loan and househacking in September 2017.  I would like to purchase more properties but my financing requires me to live in the property during the duration of the loan.  What should I consider doing next? Purchasing my next property with 20% down or refinancing my current property and moving into the next property to receive better financing terms.  What are the typical seasoning periods and what should I expect for fees.  I am doing this in Milwaukee Wisconsin.

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