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Updated over 2 years ago on . Most recent reply

James Bocalbos Jr's profile image
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James Bocalbos Jr
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  • from Illinois
  • Member since Feb 27, 2022
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James Bocalbos Jr's profile image
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James Bocalbos Jr
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  • from Illinois
  • Member since Feb 27, 2022
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James Bocalbos Jr
Pro Member
  • Illinois
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Creative Real Estate Financing

Vacation Loan 10% downpayment

James Bocalbos Jr
Pro Member
  • Illinois
Posted

Just wanted to know the regulation of taking a vacation home with 10% down.

Is it possible to have a vacation home for each husband and wife meaning each of them is only on the loan and not the other partner?

Example: Husband: vacation home is in Gatlinburg TN and only he is on the loan.

                 Wife: Vacation home is also in Gatlinburg TN and only she is on the loan.

Is this mortgage fraud?

  • James Bocalbos Jr
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