All Forum Posts by: Account Closed

What kind of mortgage broker do I look for when I look in the phone book for an investment property loan?

For an investment property.

I was told by a mortgage person to get a license or certification to tell that I am self employed to get a second line mortgage. I dont want to do anything illegal. Is this illegal?

I dont have enough income coming in cause my self employed job is slow from Katrina sway of the money.

I asked if I could get another program or rehab loan. The mortgage person said that the rules are all the same. Is this true?

I am assuming that I need to work on my primary home as a source of income instead of getting an investment property loan so that I can do it from a primary residence until I get enough income from this from flipping.

Thanks very much! :D

I am told to get a second line mortgage. Is it safe for an investment property?

I am trying to get an investment property. Is a second line mortgage safe for an investment property?

No, I thought the lender would be a third party not rent to own.

I thought if a person rents to own eventually gets a mortgage.

Is a lender privately owned, not like a bank?

Thanks for that term cause that will make it easier to communicate.

I would prefer to sell first within a year. Rental will only take place if the selling isnt timely.

What would happen if I chosed to rent it later. Not familiar with all the other laws of mortgages as if a investment residence except the community is easy to rent in North carolina, but not sure on an investment laws of mortgages?

I need to know how to get another loan on another property for REO. What is the name of the loan? I know now it isnt a second loan.

Which type of lender do I look for? I got the last person, and doesnt seem to be very eagered to help.