Qualufications for a second home loan?

Answer this question

  • Qualufications for a second home loan?


Answer #1 | 23/12 2013 01:03
Yes it is possible, but will need to wait until your rental has been rented for two full years before you will be able to count the rent as income, to offset the debt.
Positive: 61 %

Possible answer

... is now the time to buy a second home? ... Try Bankrate's loan qualification calculator and check mortgage interest rates available in your area.
Read more
Positive: 61 %
... one option is to take out a second mortgage on your home. ... A second mortgage will carry a higher interest rate than your primary home loan.
Read more
Positive: 56 %
VA Mortgage Loans. Basic Qualifications; ... Loans / Using VA Home Loan Program For A Second Home. ... is usually CHEAPER by using your VA Home Loan ...
Read more
Positive: 42 %
Get the FAQs on VA Home Loans. ... provided your income and credit qualifications are fine, ... Can you take out a VA loan for a second home or vacation cabin?
Read more
Positive: 19 %

Show more results