Hi my situation is this, my husband and I both retired, I’m 55 he is 60 years old. For the past 20 years we could show an income of around 100,000 . We have 401k and annuities until we can collect social security at 62. I receive a pension of 560.00 per month. our assets [...]
Continue reading about Getting a mortgage on investment properties
I have been looking at quite a few homes and I don’t quite understand closing costs? What exactly are they? Is it just agents’ commission or are there other fees included? by Owen Geronimo I am going to bid on a house at foreclosure and it has a 1st mortgage of $ 280K and a [...]
Is it standard procedure to be asked to show proof of funds ***including the part of the closing costs that seller agreed to pay***? It does’t make much sense to me to be asked for the portion you will not have to pay, am i missing something here? Thanks!! by TheTruthAbout In the actual Subprime [...]