Steps To Buy A Second Home
Hi there. I bought a house with 80/20 loan six months ago,
I want to buy a second home within a year, what are
the logical steps to do so: First convert the 80/20 loan into one,
then buy the second home?
My scores are about 657, and slowly climbing
Personally I have found that lenders have little interest in my net worth, since almost all of it is in non liquid assets. Adjusted income, DTI ratio, liquid assets, and FICO are all they are interested in as far as I can make out.
Just my experience-
Chris
Gee, sincerely thanks for the info, folks!