which is a better real state investment a condo or a 2 family house, which would be used as a primary

Miller
Home Buyer
Brooklyn, OH

residence. I have an excellent job and in process of finding another one for additional income to save as much as possible. My credit I good rate it fair plus, but I am working to improve it. I own a home, which I can not sell becuase my parent live there, so I am trying to either buy a condo or a 2 family house. Which is a best option and what are my chances to qualify for either.

Answers (2)
Rhonda Holt
Agent
Brooklyn, NY

The first thing you need to do is to seek a mortgage broker that can give you a break down for the condo and for the 2 family home to see which best fits your situation. You should seek out at least three mortgage brokers and see what kind of advice they will give you. Good Luck!

Rhonda Holt
Licensed Agent
Weichert Realtors, H.P Greenfield



http://www.kandhhomes.com/

Tue Mar 31 2009, 07:50
Susan Chen
Broker
New York
FIRST ANSWER

Hi Miller,

I have a few questions you said you currently own another home? If you currently own one home and bought it as your primary you may have an issue with buying the next one. The best thing to do is call my mortgage guru Dale Biaggi he works for land home and run the full situation by him and he will beable to guide you on what to do.
Also if your credit score is about 580 then you wont have any issues with a mortgage. You could always go FHA, but again speak to Dale. He can be reached at 800-648-2901 or at info@s-a-c-properties.com
Good luck!

Mon Mar 16 2009, 09:05

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