Rent to own on 2nd house? - rent to own homes in nj
I have an apartment in New Jersey. I moved from the state, he is hiring now. I live in MD and thought the owner of another apartment here. I have enough income. Can I rent with an option for a second residence? Is it fair for first time buyers?
Sunday, January 17, 2010
Rent To Own Homes In Nj Rent To Own On 2nd House?
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Since you are renting your home New Jersey can be considered as an investment property, so no matter where you live in MD would be his principal residence. You better buy another house in MD.
ReplyDeleteSince you are renting your home New Jersey can be considered as an investment property, so no matter where you live in MD would be his principal residence. You better buy another house in MD.
ReplyDeleteThere is no such thing as "leasing".
ReplyDeleteI think you try to ask if you get a mortgage on a house. Yes, you can get a mortgage on the house if the total amount of payments on their loans, including the new mortgage of less than 40% of your gross income.
If you do not have to live at home, a significant step forward, up to 35% or less. You may need to advance more money for a mortgage earlier if you live in a new place to pay.
First step: Talk to a bank, do not you ask.
Not only for the first home buyers, but if your income is, why do not the mortgage you want is the law? It is something that I did not keep the house?
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