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Financing in 19063 : Real Estate Advice

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  • Local Info1
  • Home Buying7
  • Home Selling2
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Activity 2
Mon Mar 12, 2012
Alan Openshaw answered:
Hello E,

I assume you are saying from a 30 to a 15 year. It saves you a half a percent in intewrest rate. That realkly doesn;t help you if you are hospitalized with stress and high blood pressure
I never recommend pushing to the point of pain umless you are extreemely disciplined AND you have significant reserves.

Interest rate isn't everything especially when you it causes pain.

Alan Openshaw
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
NMLS ID 143960
... more
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Thu Oct 28, 2010
Jeff York answered:
The FHA loan program is strictly for owner occupied property and not permitted for second homes or investment property. If the second 'home' is not your primary residence and will be occupied by a non-owner then it is an investment property. Not allowed by FHA. You may only have one FHA mortgage at a time. ... more
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