Can two people who only work part-time and are trying to start a home-based business, and who already own a home and rent it out get a second loan to buy another house under 70k?
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Answer:
That depends on your composite FICO credit score, your securable assets, your down payment and whom you go through for the loan. I can recommend a Credit Union - banks are corrupt. See http://cuna.org/
DodgeRamrod04 at Answerbag.com Visit the source
Other answers
Yes.. if you own the first home and are using that as an investment property..aka rental..you can put that up as collateral on a new purchase mortgage
DreAnna
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