Explain honestly what your intentions are.

It is probably a basic Dwelling Policy, which would explain the lower cost.You would probably benefit from sitting down and talking to a broker, so that you at least know the kind of coverage that is available and the rates for that coverage.

Otherwise, as others have suggested, he hasn't moved out and he should rent an extra month.One thing we do when we first hear someone is moving out is give them a move-out package explaining everything we expect them to do.

Best part was when this realtor showed up with a buyer and he tried to explain to me that it was "illegal for me to try and sell a house I didn't own".

Hi all, Can someone be so kind as to explain to me what and  how does a piggy back loan works?

Would anyone be nice enough to briefly explain the Pro's & Con's or any cavaets to be aware of?

Hmmm, think I got caught in the site update ;-) That explains it!

For years i worked with agents who would push the appreciation as part of the reason to purchase (during the boom) i explained the numbers dont make sense and i am a buy and hold guy...

Best thing you could do really is talk to the seller and explain to them the repairs it would need and try to get them to come off the price.

Some such as tile, tree removal, and plumbing will be contracted.The new bank I am working with is a community bank and they explained the interest only loan as a "construction like loan" if after 6 months, I wont be able to use the FHA loan I will shop around for better rates.I have been here for 10 years I am  more than "eligible" for orders.