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How To... in 07109 : Real Estate Advice

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Activity 1
Fri Jul 2, 2010
David Zuckerman answered:
Make sure that you can cover the monthly mortgage payment without using rental income as an offset to your monthly mortgage expense. In other words the lender will want to make sure you can cover the mortgage cost with your current income. Also if the house is owned by Fannie Mae the HomePath program does allow for investor ownership with only 10% down. ... more
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