Financing in 08081 : Questions & Answers

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Larry Sarlo…, Real Estate Pro in Camden County, NJ
Larry Sarlo 609-868-1171 answered:
Is it difficult to get approved for 2 mortgages (rent out current, buy new)?
If you have an FHA loan and you rent it out for 18 months or more and later you decide to try to short sale.... You will be denied! No ifs ands or buts!

You said you are underwater ... more
0 votes Share Flag Sat Sep 21, 2013 Financing in 08081
Voices Member,  in
Voices Member answered:
If I was pre-approved for $300,000 and the house was selling for $225,000, can I borrow $275,000 against the
Hello Shanise,

If you are thinking about just the basic FHA mortgage, the answer is "no."

Under current guidelines, FHA lenders will approve a maximum base mortgage lo ... more
0 votes Share Flag Sat Nov 21, 2009 Financing in 08081
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