Written by admin on 18 January 2009
That\’s right! How would you like to have your tenants pay your monthly mortgage payments? This would mean; not a single penny from your pocket would be going towards paying off the mortgage. As you may know now, we are talking about a rental property. Here are some tips you should follow before approaching the [Continue]
Written by admin on 14 January 2009
In some cases people would be living in a home, but would be buying a rental property which they would rent out for the year. The answer is simple, YES! The lender will calculate the annual income gained from the rental property and use that in the qualification of the loan. This purchase will be classified [Continue]
Written by admin on 04 January 2009
You are flipping through your local newspaper, and in the classifieds section and ad just catches your eye. The ad reads, \” This diamond property can be yours \”, with a picture of an astonishing structure. Reading into the details, it states you can purchase the home for only $300,000 with an initial down paymentof [Continue]