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Home Buying in East Boston : Real Estate Advice

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  • Home Buying3
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Activity 2
Luciano Leone, Real Estate Pro in Peabody, MA
Wed Mar 11, 2015
Luciano Leone answered:
I'm a local Realtor with several lender contacts in the area that could be of assistance. If you'd like to discuss further, please click on my photo to get it touch and I'll send you in the right direction. Best of luck, and please don't forget to give a thumbs up to the best response, thanks! ... more
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Colin, Home Buyer in 02150
Thu Apr 23, 2009
Colin answered:
Barb,

The issue is that I currently have a $380K mortgage on a 3 family that has had steady rental income for the last several years. Based on the three loan officers I have spoken to, about 5 weeks ago they placed new restrictions on rental income to offset expenses. I make money on the property, and have a rate in 5's. These FHA restrictions are new. Unfortunately I would have qualified 5 weeks ago. I just wasn't sure if any one was familiar with working with credit unions.

Thanks,
Colin
... more
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