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Does the Home Rescue Bill have any assistance for a 2nd home

Posted on: 02nd Aug, 2008 07:00 am
Does the "Home rescue Bill" have any assistance for a 2nd home?
Hi Bret,

The new bill is built around the FHA loan program, and fha only insures primary residences, so I doubt that they will allow you to refi a second home.

Kim
Posted on: 03rd Aug, 2008 08:35 am
No primary only
Posted on: 03rd Aug, 2008 05:33 pm
just the first home. Have you tried getting refinanced.
Posted on: 11th Aug, 2008 09:00 pm
Hi Bret,

Welcome to the forums.

The New Housing Bill does not speak of assistance for second homes actually. It concerns mortgages on primary homes . Know more about the New Housing Bill .

Take Care
Posted on: 12th Aug, 2008 05:12 am
No this program is only available for your Primary Residence.

I am very mortgage savvy....

I am a Mortgage Professional, and I do stand by everything I post

Wholesale Financial
Jamila Miller - Mortgage Coordinator

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Posted on: 04th Sep, 2008 10:39 pm
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