Dan, it's really a case by case basis with lenders. You might want to try your luck with another one.…
I have the same situation as groovydan, except I rent a small apt for weekdays near work and commute to…
Nice succinct list for a misunderstood loan product. Thanks. I'm sending this to a client with a home that would…
Groovydan, I'm glad you worked it out...often times in scenarios like thisy, your best off asking your mortgage originator. What…
Hi Rhonda, after speaking with a loan officer, I think we've worked it out! Thanks anyway. Dan
Rhonda, I currently live rent free in Santa Barbara, CA (I manage a condo owned by my grandmother). I am…
Obviously the lenders main concern would be either the borrower would be able to payback the loan or not? and…
Rob, I'd feel better about it if the property owners who are going to benefit from the tunnel option paid…
Rob, it sounds like you're going to require a construction loan which is an entirely different animal. Disclose everything you've…
Agree completely. It's irresponsible to decide on the tunnel as the option when there's not money in place to build…
