Would a cash purchase followed by Hel or Heloc have any advantage over a traditional mortgage when it comes to fee’s, points,rates and any other associated costs.
Posts Tagged ‘mortgage marketplace’
First mortgage vs home equity loan or equity line of credit?
Thursday, October 29th, 2009Recently purchased first home and moving to another state?
Friday, July 3rd, 2009I purchased my first home a few months ago and will be moving to another state due to a better job offer. I know that trying to sell my home may not be in my best interest since I just got it, however, if I do – there is no pre-payment penalty on my loan.
My question is: Am I better off selling my house (have about k in equity) or renting it out and trying to buy a second home in the new state? Would I be able to buy a second home with having this first one? I have been told that I should be able to as long as I can prove the first one is rented out. Is this correct?
I go back and forth with selling because if the job offer doesnt work out, then I would always have a place to come back to if needed. If this would help in providing your answer – I currently live in Texas and will be moving to Colorado.
I would prefer answers from people who have mortgage/lending/real estate experience.
Related ‘mortgage marketplace’ sites :
| Mortgages, Mortgage Rates & Home Loans | Zillow Mortgage ... Free custom mortgage quotes and rates from thousands of lenders. ... Welcome to Zillow Mortgage Marketplace. The best place to shop mortgage quotes anonymously ... www.zillow.com/mortgage-rates | |
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| MARKETPLACE HOME MORTGAGE, LLC. : Home The Internet's leading website for home loans, mortgages, electronic lending, and loans using the best mortgage tools on the Internet. Online shopping for the best ... www.marketplacehome.com | |
| Private Mortgage Marketplace MarketPlace For The Buying and Selling of Owner Financing or Private Mortgages privatemortgagemarketplace.com | |
| Reverse Mortgage Marketplace Reverse Mortgage Marketplace offers senior home equity solutions for seniors 62 and older www.reversemortgagemarketplace.com | |
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| Mortgage Marketplace : FL mortgage rates and home loans FL mortgages with competitive interest rates. Compare mortgage interest rates from lenders in FL. Get personalized mortgage rate quotes from FL lenders. www.mmplaceinc.com | |
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| Mortgage Marketplace ARM-ADJUSTABLE RATE MORTGAGE; CAPS MAXIMUM PER ADJUSTMENTS & LIFETIME RATE ... The Mortgage Marketplace. Printer Friendly Version " Bank of America ... mortgages.lawrence.com/ | |