Colli Real Estate

With the 2009 tax credit for first time home buyers can I get a second loan to pay my down payment?

With the 2009 tax credit for first time home buyers can I get a second loan on top of the mortgage to pay my down payment and closing costs on the mortgage? I would of course pay back the loan when I get the tax credit paid to me. If I am not mistaken according to the most recent FHA update it is possible. Here is what I am going by:

Yes, it is called a bridge loan, your lender can set it up for you. You still need your 3.5%, but you can use it for an additional down payment. (not anything else)

East Coast Economic Update: April 24,2009: Are we the Counter Elite?

The 106 Mortgage Secrets All Homebuyers Must Learn–But Lenders Don’t Tell $4.19 One of America’s top real estate authorities explains the inside secrets of the mortgage business Each year, more than ten million American homebuyers, homeowners, and realty investors enter the mortgage arena to finance or refinance their homes and rental properties. And each year, millions of borrowers pay more than they have to. But you won’t be one of them with Gary Eldred’s 106 Mortgage Secrets All Homebuyers Must Learn-But Lenders Don’t Tell. Eldred explains all of your mortgage options and gives you the inside information you need to make the most intelligent money-saving choices. He simplifies the complicated math of mortgage financing and tells you how to make sure your loan rep is being honest with you. He covers every aspect of the mortgage process and highlights the key criteria you should always consider when making your decision. With these 106 secrets, you’ll have the confidence and the knowledge to: Increase your borrowing powerGet the lowest interest rateUnderstand ARMsCut the cost of mortgage insuranceSave big with seller financing, foreclosures, and REOsPerfect your credit profileAvoid getting taken by the fine printGet maximum return on your home investment There’s no reason to get a good mortgage, when you can get the perfect one for you. Simple, concise, and comprehensive, this book covers everything mortgage hunters should know-especially the 106 secrets lenders don’t want to reveal.

Top Secret: The Most Liberal Lenders In America $27.95 Top Secret: The Most Liberal Lenders In America

Mortgage Fraud And Its Impact On Mortgage Lenders $17.44 The BiblioGov Project is an effort to expand awareness of the public documents and records of the U.S. Government via print publications…

106 Mortgage Secrets All Borrowers Must Learn – But Lenders Don’t Tell $5.6 The only guidebook that shows you how to finance any property–with or without bank approval Would you like to discover all of the many ways that you can finance real estate? Want to learn how to cut your financing costs, avoid pitfalls, and negotiate the best terms? Then let Gary Eldred’s 106 Mortgage Secrets All Borrowers Must Learn–But Lenders Don’t Tell, Second Edition guide you. Fully updated, this practical guide explains how today’s changing mortgage market really works. Unlike other mortgage guides, this book goes beyond traditional bank-originated loans and shows you how to benefit with seller financing, assumables, subject-to, wraparounds, lease options, foreclosures, and other money-saving possibilities. 106 Mortgage Secrets also protects you from the sharp practices of loan reps that have recently sparked Congressional hearings and multiple state investigations. In addition, Eldred shows how and why the right financing decisions can add tens (and sometimes hundreds) of thousands of dollars to your long-term net worth. With these 106 secrets, you’ll build the confidence and the knowledge to: * Increase your borrowing power * Obtain the lowest interest rate * Understand the true pros and cons of ARMs * Cut (or eliminate) the cost of mortgage insurance * Save big with seller financing, assumptions, foreclosures, and REOs * Strengthen your credit profile and credit score * Avoid getting taken… by the fine print and garbage fees * Steer clear of scams and unprincipled loan reps and lenders * Accumulate wealth through homeownership and investment properties Simple, concise, and comprehensive, this book reveals everything property buyers need to know–especially the 106 financing secrets lenders too often omit.

Mind Your Own Mortgage $12.12 This Is the Book Lenders DON””T Want You to Read. EMPOWERING HOMEOWNERS TO SHOP, MANAGE, AND ELIMINATE MORTGAGE DEBT A mortgage is simply a pile of money…

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