[…] will require that a borrower write a “letter of explanation” addressing each individual inquiry including whether or not new…
On Explaining the “Letter of Explanation”
Hi Rhonda, I currently rent an apartment where I reside. I have built a townhouse but have never lived in…
On Is it a Primary Residence, a Second Home or Investment Property?
To some of us, National Pet Day has everything to do with mortgages. I love apartment living. But owning a…
On National Pet Day
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On Fannie Mae HomePath Mortgage
[…] is the normal down payment on a second home? Our credit is in the “good” range and our debt…
On Debt to Income Ratios (aka DTI)
[…] received this comment from one of my readers on a post about occupancy and I thought it would make…
On Is it a Primary Residence, a Second Home or Investment Property?
[…] HomePath […]
On Fannie Mae HomePath Mortgage
What is the normal down payment on a second home? Our credit is in the "good" range and our debt…
On Is it a Primary Residence, a Second Home or Investment Property?
Hello, I'm looking to purchase a home for my mother in Louisiana, which will be an investment property for me…
On Is it a Primary Residence, a Second Home or Investment Property?
Hi Rhonda, BOA recorded a Mod. Agreement but not a new DOT. However, after reading through land records, it appears…
On Refinancing when you have an existing Second Mortgage or HELOC