Posted on: 29th Jun, 2009 01:40 pm
We just closed on May 30th. We paid less than the appraised value. Is there a grace period that we need to wait before taking out a 2nd?
hi shela_harlin,
as far as i know, you'll have to wait for 6-8 months in order to get a second mortgage. moreover, your property should have some equity which will help you in qualifying for a second mortgage.
thanks
as far as i know, you'll have to wait for 6-8 months in order to get a second mortgage. moreover, your property should have some equity which will help you in qualifying for a second mortgage.
thanks
Hi shela_harlin,
Welcome to our forum. :D
I would like to advice you that, wait few months for apply 2nd loan. because you have to recover your position of market.
Thanks & Regards,
gunz.ijjistaff :D :D :D
___________________________________________________________
You can ask your queries to us anytime & we will definitely help you, Its our pleasure.
Welcome to our forum. :D
I would like to advice you that, wait few months for apply 2nd loan. because you have to recover your position of market.
Thanks & Regards,
gunz.ijjistaff :D :D :D
___________________________________________________________
You can ask your queries to us anytime & we will definitely help you, Its our pleasure.
