Financing in Niles : Advice

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Neil Coleman, Real Estate Pro in Orland Park, IL
Neil Coleman answered:
I currently own a condo. If I rent it out, will it count against me still when I try to get a loan for a new home?
Paul
Yes, your mortgage payment (PI), your taxes (T) and your HOA will still be counted as a liability in your debt ratio (DTI). And keep in mind that, unless you have a 2 year histo ... more
0 votes Share Flag Wed Jun 2, 2010 Financing in Niles
Reiner Leal, Real Estate Pro in Chula Vista, CA
Reiner Leal answered:
Are there any lenders who lend mortgage to J visa holders?
Wachovia used to offer a mortgage program for foreign nationals -- but since they were bought by Wells Fargo, I am not 100% sure if the program has been continued. My suggestion to you ... more
0 votes Share Flag Mon Apr 26, 2010 Financing in Niles
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