[b]Step 3:[/b] Put the borrowed money in a high-yielding savings account.

Has anyone borrowed from the thrift savins plan for renovations or even as an alternative to using PMI?

Has anyone borrowed from the thrift savins plan for renovations or even as an alternative to using PMI?

And being a first time borrower you will probably get raped...Depending on how much equity you have in your house, or your partners, a commercial loan might be a way to go....

Because trust me I know people on welfare that were lucky enough to borrow money and buy a house last year in Millwoods that they paid $200k for.

If you believe that, I've also got a yacht you can borrow!

To me borrowing that much more than I actually have seems very finacially irresponsible.

But if you borrow your money through either private investors such as well off professionals who want to invest in something but don't have the time or energy to actually do REI, but might lend to someone and take first position on the property.

-a signed borrower's consent or authorization that allows you to discuss anything about their mortgage with the bank.

FHA is disturbed with the last 1-2 years of the borrower’s credit record.