answersLogoWhite

0

The only person who can answer your question is your mortgage lender.

If you are debt free, and if the equity in your condominium will give you enough cash for a qualifying down payment, and the house you want to buy requires a mortgage that you can afford, you may be able to obtain a mortgage.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

An excellent way to get started in a new group is to volunteer to do a job True or False?

An excellent way to get started in a new group is to volunteer to do a job


How can someone apply for a government mortgage?

There are many websites that can be researched online where a person can apply for government mortgage. Go to Quicken loan they can a person get started.


How can one apply for internet mortgage leads?

If one would go to Internet Mortgage Leads, there is a great website that lets one apply for an Internet Mortgage Lead. Just get started by calling 877-245-3237.


What is piggyback mortagage?

A type of mortgage where a second mortgage or home equity loan is taken out by a borrower at the same time the first mortgage is started or refinanced. Piggyback mortgages are frequently used to lower the loan-to-value ratio (LTV) of a first position mortgage to under 80%, thereby eliminating the need for private mortgage insurance (PMI).


What is the biggest lesson you have learned about freelancing?

I learned that freelancing is what we called going out of your comfort zone. It is a continuous process of learning. When I started freelancing, I did enroll in a paid course to know more about what freelancing is and why many people say that it changed their lives. And right now, I am learning a lot. Please visit my website and read about my blog about the benefits of freelancing.


Is an interest only mortgage beneficial for a single mom?

I do not recommend an interest only mortgage for a single mom.I have an interest only morgage and after four years I am where I started with my loan. It gives you a false sense of security.


Do you still owe for second mortgage?

Yes. "People with a second mortgage who are facing foreclosure should go to bankruptcy to get rid of the unsecured second-mortgage note," she said. "They should do it as soon as they're foreclosed upon, because that's when they're at rock-bottom, not when they've started to rebuild (their finances)."


Is it possible to be pregnant when you haven't started your period?

no


Where can one find information on home equity refinancing?

For general information on home equity refinance loans, some excellent resources are the websites Bankrate and Mortgage Calculator. For information on specific home equity refinance options available, these will vary from lender to lender so it is best to contact each bank directly or visit their websites.


Where could a hard working 19-year-old obtain a good job that pays a living wage as soon as possible?

become a junior mortgage adviser my wife started without experience 6 months ago and now earns �22000 pa plus �1300 comission per signed mortgage arrangement payed by the money lender ( bank etc) on average she signs 3-4 mortgages per month


Is it possible that my period started in third week after miscarriage?

Yes


What were the mortgage loan rates of the 1950's?

They started at 2.25% in 1950 and worked their way up to 5.00% . In the 1980's the rates went as high as 20% . As you can see the mortgage rate being around 3.75% right now is really a great rate.