All Forum Posts by: Philip Gould

I own 2 properties, both have mortgages. 1 is rental and the other is primary residence.

I need to move for work, wich iis in Washington DC and is over 80 miles away from my current home. 

I would like to keep both the residences. My debt to income inst great maybe 60%. Do you have any suggestions on how best to do this?

I have been told to look for private financing and also there maybe some government programs. I could come up with 10% to put down on the new residence, but would prefer less.

Thanks in advance for any help yo can offer.

Philip 

Hello all

I am moving and would like to keep and rent my current home. Hows best to do this? I have been told that I have to have 30% equity in my current home to qualify for next mortgage!

I have my current home 20% equity and my previous home 35% equity and rented.

I will be moving to a totally different area for work. What is the best way to keep current home and then purchase the new home? I really don't want to put more than 10% down on the new house.

Thanks in advance for your help.

Philip

Hello from Winchester. I am also new. Any one got any good tips for the Winchester market?

I have been offered private financing 5 year arm amortized over 30 years at 3%. I have to put 10% down up to $120k. Your thoughts on this?

Second, what would be best to hold and rent. Townhouse, condo or single family home.

Thanks for the help in advance. This will be my first investment property! Any other advice you want to give will be welcomed!

I live near Winchester in Virginia

Does anyone have suggestions for Chris which small banks would be good to work with.

I would also like too know

Thanks!