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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Bridge Player who wrote (2628)5/15/2002 3:01:23 AM
From: Siva UppalapatiRead Replies (2) | Respond to of 306849
 
I have a question on Home mortgage.

1.Assume I have a fully paid off rental home
2. I want to buy a home for myself to live.
Is there a lender, who would lend 100% on my new home with good rates, without PMI. Can I put my rental home as a second lien.

3. Can they consider the value of my rental home, in combining the new home purchase, as a collateral (or lien) ?

Thank you
Siva