Hi Marg, We would not use the schedule E if he was qualifying with paying all of the mortgages. Otherwise…
It could "possibly" be a second home depending on what you're going to do with the home while you're not…
Hi Kimberly, if the second lien holder (the credit union) does not want to subordinate their lien position - then…
Hi Eric, it sounds like your home would qualify for a vacation home depending on what you're doing with it…
Hi Juan, I believe that in order to qualify for a first time home buyer program, you cannot be on…
Karen, this stinks. I suggest that you talk to this loan officer's supervisor. What are their reasons for the program…
Hi Matt, Check with your Mortgage Professional as I don't have all of your financials. The safest thing to do…
Deeds of Trust typically allow 60 days after closing until you need to occupy. Please ask your Mortgage Originator directly…
My opinion is that if HUD gave me an answer, I probably wouldn't argue with them, Kevin 😉 It appears…
Raja, thanks for your comment - I am only licensed for mortgages on homes located in Washington state. You should…
