Posted on: 06th Sep, 2010 10:02 am
I own one home in NJ and refinanced to lower my payments and consolidat all my bills I borrowed 190,00. on a 425,000 single family. my mother just signed her house over to me it has no mortgage and the deed is free and clear it is a two family house in carteret,NJ worth between 350,000 & 425,000 I would like to borrow 25,000 on this property it has 2 good tenants living in it now which brings me 2100 a month in rents. what is the best way to achieve my goal ?
Hi seanpi,
If you have a good income and excellent credit situation, lenders will be ready to give you a mortgage. You should contact your local lenders and apply for a mortgage. After going through your credit situation, the lender will let you know whether or not you would get a mortgage.
Thanks
If you have a good income and excellent credit situation, lenders will be ready to give you a mortgage. You should contact your local lenders and apply for a mortgage. After going through your credit situation, the lender will let you know whether or not you would get a mortgage.
Thanks