Financing in 08081 : Real Estate Advice

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Suzanne MacD…, Real Estate Pro in Morristown, NJ
Suzanne MacDowell answered:
If went through bankruptcy is it impossible to buy a home?
Yes, depending on how along ago your bankruptcy was discharged. I believe the waiting period is two years for a bankruptcy and 3 years for a foreclosure. Double check that with a mort ... more
0 votes Share Flag Sun May 11, 2014 Financing in Sicklerville
Shane Milne, Real Estate Pro in South Jordan, UT
Shane Milne answered:
Is it difficult to get approved for 2 mortgages (rent out current, buy new)?
Yes, if someone is relocating to a new area not within commuting distance of their current home, then they can purchase the new home with FHA financing (even if they already have an exi ... more
0 votes Share Flag Sat Sep 21, 2013 Financing in 08081
Luke Allison,  in Asheville, NC
Luke Allison answered:
If I was pre-approved for $300,000 and the house was selling for $225,000, can I borrow $275,000 against the
I am sorry to tell you that no, you cannot borrow more than the purchase price of the home on a purchase. Even if the home sold for a dollar, you would need to purchase the h ... more
0 votes Share Flag Sat Nov 21, 2009 Financing in 08081
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