Posted on: 18th Jul, 2011 09:16 am
hi
do you think it is possible for me to get mortgage if i have some debt, owner occupied proerty which is under water.
i want to buy another property and put 40% down.
can i get mortgage?
what rate with 650 credit score, never been late with mortgage payment.
do you think it is possible for me to get mortgage if i have some debt, owner occupied proerty which is under water.
i want to buy another property and put 40% down.
can i get mortgage?
what rate with 650 credit score, never been late with mortgage payment.
You would need to talk to a loan officer in your area to see if you have enough income to cover 2 mortgage payments. Without the 30% equity requirement, you will need to cover both mortgage payments. Good luck.