The mortgage company just cares that you have the money to repay the 2nd mortgage AND that their is equity in the house to secure the 2nd mortgage.If he is recommending that so you can document your self-employment income, that is a different story.

I usually prefer the ones that wedge to the inside and then you also secure the flange to the subfloor with screws.

Granted this is expensive money 12 to 13% on the first lien but, I turned to the MLS and ran a report of high end properties that had been on the market for and extended period of time and the sellers have already expressed a willingness to allow creative financing.

Granted it has been a while since I was in NH.

I am going to get my securities license so that I don’t have to worry about any violations on a national level, as there are some states that require this type of licensing, that being the case I have a colleague that hold such a license and is willing to act as the broker in the transaction.I have 3 almost 4 years in residential mortgage origination, although, I have moved away from that area of lending since the market collapse.

Maybe I will create a secure web page where folks from BP could share documents without the general public showing up.

Granted you could get married, be relocated for work, you could get divorced, and any number of things can go wrong.

I mean she's been living off social security now for MANY years.

Granted some people got themselves into bad situations because they never did their work, but it sounds like everthing was done properly here and someone got screwed.

Would taking out eight secured loans over a six month period and paying them off rise my credit score?