Colli Real Estate

Can you buy a mortgage without living in the state that property is located in?

I live in Miami but want to purchase a home in San Antonio, Tx. I wouldnt be moving there any time soon since I stil have to finish my school program. I intend on buying and renting out until I decide to make the big move in like a year or 2. I recently found out that I can not use my realtor from Miami to make the purchase, But what about the mortgage broker? Ive called a couple and they have said they dont write mortgages for other states, just FL. Is there a way to get a mortgage without having to use one in San Antonio? What do you think about that ” countrywide” mortgage company? any good?

Yes, you most definitely can do this. This is what is commonly referred to as an investment property. Banks as well as mortgage companies all over have special criteria programs which they have put together for people such as yourself who purchase homes, but then rent them out for periods of time.

I would suggest that you contact a reputable company dealing with investment property programs. They should also be able to guide you in the after sales care of your home. This is especially important as you will need to ensure that your property is taken care of by the people who will be renting it from you. An experienced banker should be able to put you in contact with someone in the area who would be able help you in this regard.

You can try: http://www.investmentpropertymortgage.biz they are very good and has helped me on countless occasions.

Jeb Hensarling Wants Investigation On Mortgage Scandal

Countrywide $3.99 By Tommy Emmanuel. For guitar. Jazz; Pop. Guitar TAB. 10 pages. Published by Hal Leonard – Digital Sheet Music

The Foreclosure Of America: Life Inside Countrywide Home Loans And The Selling Of The American Dream $9.99 Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis from a former mortgage lender executive. In July 2004 Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out Countrywide suffered the consequences-as did millions of Americans. With an insider’s knowledge and thorough reporting on the impact on American families and the ripple effects on the economy Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company confronts the ethical questions that have arisen in the wake of the foreclosure crisis and offers creative proposals to prevent such a meltdown from ever happening again.Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis from a former mortgage lender executive. In July 2004 Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out Countrywide suffered the consequences-as did millions of Americans. With an insider’s knowledge and thorough reporting on the impact on American families and the ripple effects on the economy Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company confronts the ethical questions that have arisen in the wake of the foreclosure crisis and offers creative proposals to prevent such a meltdown from ever happening again.

Foreclosure Of America: Life Inside Countrywide Home Loans And The Selling Of The American Dream $7.39 Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis, from a former mortgage lender executive. In July 2004, Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger, supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out, Countrywide suffered the consequences-as did millions of Americans. With an insider’s knowledge and thorough reporting on the impact on American families and the ripple effects on the economy, Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company, confronts the ethical questions that have arisen in the wake of the foreclosure crisis, and offers creative proposals to prevent such a meltdown from ever happening again.Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis, from a former mortgage lender executive. In July 2004, Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger, supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out, Countrywide suffered the consequences-as did millions of Americans. With an insider’s knowledge and thorough reporting on the impact on American families and the ripple effects on the economy, Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company, confronts the ethical questions that have arisen in the wake of the foreclosure crisis, and offers creative proposals to prevent such a meltdown from ever happening again.

Tags: No Comments