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Per Fannie MAe and Freddie Mac Guidelines a second home has to be at least 50 miles from the borrower's primary residence. If the primary residence is close to a coastal region I believe the underwriter could make an acception, but I'm not entirely sure about that. For more information on underwriting guidelines visit www.fanniemae.com or www.freddiemac.com Once there you can navigate to a PDF version of the underwriting guidelines (a typical loan is called a C30). Once you open it up in Adobe Reader you can type a word or words in the "Find" box and it will jump to the subject you are looking for that way you don't have to skim through all 130 pages.
What else can I help you with?
Can you file another homestead exemption on a vacation house over 35 miles away?
Generally you can only file a homestead for your primary residence. You should check with an attorney before filing another one. The second homestead to be filed may extinguish the first depending on your state laws.
How many miles away thunder is every second?
10000 miles
What considered to be recreational property?
Places like a beach, lake, or campground are considered to be recreational property. They are not typically associated with a primary residence but rather a place to get away for a few days.
Can a life estate take away homestead exemption?
No, a life estate does not typically take away a homestead exemption. The homestead exemption is usually based on the property being the primary residence of the owner or their family, regardless of the ownership interest.
What is a domicile location?
A domicile location is your primary residence, where you intend to return after being away. It is where you have your permanent address and where you are considered to have your legal and permanent home. This location is significant for tax and legal purposes.
How fast is Sirius moving away from Earth in miles per second?
26 tO 36 mps
If you have one owner occupied mortgage are you entitled to have another mortgage?
You can have as many mortgages as the banks allow. However, you can only have one primary residence mortgage and one second home which usually needs to be a fair distance away from your primary home and usually located in a vacation type area otherwise it would be considered investment property which carrys a higher rate due to risk. You can obtain another primary residence after 1 year and keep you existing home as rental property. The problem is, is that you must prove to the bank that your new home will truly be your primary residence and you must either qualify for two homes by your income or your income plus a lease. Always state your intentions up front with your mortgage lender so that you can be placed into the correct loan in order to avoid serious problems down the road.
How far away is lighting if heard ten seconds later?
sound travels at 334 metres per second, so 3.34 kilometres away
How far is it from Los Angeles to Newbury Springs Ca?
About 115 miles, however there is a second Barstow CA located in Fresno County that is 232 miles away.
Where would you be34 hours from earth at light speed?
well the speed of light is roughly 186000 miles/second so you would be about 22766400000 miles away
What is the closest major league baseball park to Nashville TN?
Turner Field in Atlanta, GA. It is about 249 miles away. Great American Ball Park in Cincinnati, OH is second at roughly 271 miles away.
Where is Nelson Mandela's residence?
In Johannesburg, a few km away from the city
