...soon we'll have a new document to replace this Good Faith that HUD created (along with many headaches). Great intentions…
On T’was the Week Before Christmas
D, there is no way for me to know what your lenders may do. I'm sorry!
On Is it a Primary Residence, a Second Home or Investment Property?
Hi Rhonda, One more question would the lender consider this breach of contract and call the loan due? And what…
On Is it a Primary Residence, a Second Home or Investment Property?
D - it's not really something I can completely answer. Fannie Mae could allow this type of financing if your…
On Is it a Primary Residence, a Second Home or Investment Property?
Hi Rhonda, My wife and I just refinanced our current home as owner occupied, for my parents to live and…
On Is it a Primary Residence, a Second Home or Investment Property?
You're welcome. As I have been carefully watching the development on this (building a home and closing in Jan 2012…
On HUD confirms Higher FHA Loan Limits with an official Mortgagee Letter
Thanks, Monique. I actually checked last night before going to bed to see if I could publish the revised loan…
On HUD confirms Higher FHA Loan Limits with an official Mortgagee Letter
As of this morning, HUD has updated their website with the new loan limits. See here: https://entp.hud.gov/idapp/html/hicostlook.cfm
On HUD confirms Higher FHA Loan Limits with an official Mortgagee Letter
Hi Scott, if your mortgage company is viewing this as a second home, they're probably right. You can ask them…
On Is it a Primary Residence, a Second Home or Investment Property?
Hi Rhonda, mortgage question for you. we live in Arizona - but our daughter goes to UNC Chapel Hill (sophomore)…
On Is it a Primary Residence, a Second Home or Investment Property?