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Financing in Farmingville : Real Estate Advice

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Mon Aug 19, 2013
lisazambellimortgages answered:
Your question is a good question but requires me to ask other questions before being able to give a correct answer . For Instance FHA mortgages can only be used for a primary residence so it might be difficult to show a underwriter that you will be moving to TN to occupy this as your primary residence if you still own the home here and do not have a job in TN . It might be viewed as a second home . The next question I have is do you plan on selling your home here in NY first before closing on the home in TN ? Having no history of being a landlord might further complicate things. Keep in mind you will have to qualify for the new home on your retirement income . I guess the bigger picture is if we have learned anything in the last few years in the mortgage industry, we certainly have learned that alot of loan officers will tell you yes upfront only to disappoint later. I am not licensed in TN but could refer you to a true professional to answer your questions you can call Dean Hartman at Quontic Bank 516-528-9008 . Congratulations on your future retirement
All the best
Lisa Zambelli
licensed Loan officer

feel free to call me at 631-871-9857
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