Topic: What Is a Multiple Indebtedness Mortgage
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Answers to Common Questions
How to Obtain Multiple Mortgages
After the recent real-estate meltdown, even Fannie Mae has had to loosen its guidelines when it comes to mortgages that investors may qualify for. Previously, Fannie Mae restricted your investment property allowance to four properties. Howe... Read More »
Source: http://www.ehow.com/how_5765995_obtain-multiple-mortgages.html
How to Have Multiple Mortgages
You can have as many mortgages as your income and credit will allow you to be approved for. For the majority of individuals, one mortgage is all we can handle financially, but wealthy individuals often take out loans on several pieces of pr... Read More »
Source: http://www.ehow.com/how_7269462_multiple-mortgages.html
How to Obtain a Mortgage on Multiple Properties
When financing multiple properties, consolidating your request into a single mortgage loan can cut down on cost and turnaround time. The conditions of approval on a mortgage are always the same. You must have enough equity in the property t... Read More »
Source: http://www.ehow.com/how_12065704_obtain-mortgage-multiple-propert...
Featured Content:
What Is a Multiple Indebtedness Mortgage
A multiple indebtedness mortgage is a type of loan, found in states such as Louisiana, where you owe more than one debt that is secured by your property. Examples include home equity loans or other types of… More »
Difficulty:
Easy
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More Common Questions
Answers to Other Common Questions
Those ladies and gentlemen who place one mortgage on multiple properties, usually need financing for a larger project or purchase. This type mortgage is a “blanket mortgage“. It means exactly that. It covers more than one property. Sometime...
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Source: http://answers.yahoo.com/question/index?qid=20070809050712AA4c1X3
Martin, I would suggest you contact Wells Fargo as Wells Fargo is a nationwide lender and will be able to provide you with some guidance. Cash out refinances are fading away if not already faded. I am going to suggest Kathy Terry to you. Ka...
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Source: http://www.trulia.com/voices/Financing/Where_can_I_find_financing...
deal with ONE mortgage broker who deals with multiple lenders, otherwise, you will need to give every single lender you approach te same info- copies of w-2's, pay stubs, fill out multiple applications - a lot of wasted effort on your part
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Source: http://answers.yahoo.com/question/index?qid=20091210175333AA5lS5b
Today's lending world is a lot harder to pull that off. Not impossible mind you but a lot harder. First of all you will need good credit, and then you will need some seasoning on your existing loans, then you will need verifiable cash in th...
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Source: http://answers.yahoo.com/question/index?qid=20090112001720AA6sVxt
13) All of the above including you and me, except #8, #12 perhaps. Why? 13) You & I and other Americans - elected the current and past representatives (see below) -borrow more than we save -bought into the get-rich-quick real estate boom -c...
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Source: http://answers.yahoo.com/question/index?qid=20080924114551AA3dHfQ
No, the program is for people with no assets trying to save the homes they live in. You are not only a RE investor, you have assets you can sell. The program is not about increasing your profit margin.
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Source: http://answers.yahoo.com/question/index?qid=20081011090909AAfXGOP
