Posted on: 20th Jun, 2010 12:33 pm
i am looking at a foreclosed property the previous mortgagor has removed the kitchen cupboards and appliance furnace water heater and all bathroom toilets and sinks would i be able to get a mortgage for this property it would be a second home and would like to do most of the work myself
There are rehad programs for primary residences but none that i know of for vacation homes. Do you have enough equity in your primary residence to pull enough cash out to purchase the second home?
Rehad=Rehab.
Edit button anyone?
Edit button anyone?
i dont have enough equity that property into a rental when i moved in with my wifes mom when we started our business with her
hi william,
if you do not have enough equity in your property to get a cash out refinance, then you will have to look out for home improvement loans in order to improve the property. depending upon your present financial situation and your credit score, you may or may not get a home improvement loan.
to nic,
you can find the "edit" button at the right hand corner of your post once you have given a quick reply. however, if any other member has already given suggestions or posted query below you're your post, then you won't be able to edit your post.
if you do not have enough equity in your property to get a cash out refinance, then you will have to look out for home improvement loans in order to improve the property. depending upon your present financial situation and your credit score, you may or may not get a home improvement loan.
to nic,
you can find the "edit" button at the right hand corner of your post once you have given a quick reply. however, if any other member has already given suggestions or posted query below you're your post, then you won't be able to edit your post.