Posted on: 23rd Dec, 2010 05:35 am
I am in the process of getting a divorce and would like to buy a house before the divorce is final. Tried to get a mortgage for $40k as I'm putting 10k down on house but couldn't get approved because I can't have a second home within 50 miles of my first home. Is this a rule across the board with lenders or does someone know of a company that will give me a 40k morgtage? Thank you.
Hi flipflop,
I haven't heard of such a rule that you cannot buy a second home within 50 miles of your first home. You can speak to other local lenders and try to get a mortgage. This community, too, has a large number of lenders. You can seek a no obligation free mortgage quote from then and check out if you can get a mortgage.
Thanks
I haven't heard of such a rule that you cannot buy a second home within 50 miles of your first home. You can speak to other local lenders and try to get a mortgage. This community, too, has a large number of lenders. You can seek a no obligation free mortgage quote from then and check out if you can get a mortgage.
Thanks