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kristina
Joined: 09 Jun 2009
Posts: 7
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| Posted: Sat Jun 20, 2009 9:27 am Post subject: Home Loans |
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Hi guys,
i have one of my home on loan and i want to purchase one more .Is it possible that i can also get loan for my second home ? |
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EricJ
Joined: 09 Jan 2009
Posts: 321
Location: New Jersey
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| Posted: Sun Jun 21, 2009 1:09 am Post subject: |
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| Sure you can get a loan for a second home. You will of course need to qualify for both at the same time. |
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Temperance Lacey
Joined: 01 Sep 2009
Posts: 2
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| Posted: Tue Sep 01, 2009 10:04 am Post subject: |
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| There are two ways to get down payment assistance. One is through the government and the other is from seller-funded down payment assistance. The seller-funded down payment assistance is mostly used by people who are trying to get conventional loans. As the name implies, the seller pays for a part (sometimes even the whole amount) of the down payment. The problem here is that these types of assistance result to troubled loans, which is part of the reason why we are in the housing crisis we are in today. The new housing bill will eliminate this type of assistance, so you are now left with Government down payment assistance. |
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