The recent loose lending habits allowed many owners to borrow up to 100% and some allowed the closing costs to be rolled into the loans!

The monthly payments depend on how much you borrowed, interest rate, terms, etc.

Caveat: Going the HELOC approach makes sense if you are borrowing money from yourself on the short term; if you intend to rent and refinance, my concerns are moot.

(viii) aids or offers or attempts to aid in locating or obtaining real estate for purchase or lease;(ix) procures or assists in procuring a prospect to effect the sale, exchange, or lease of real estate; or(x) procures or assists in procuring property to effect the sale, exchange, or lease of real estate . . ."

Also, I am debating on whether getting my real estate license would assist me in this or not.

Hey i know you posted this quite a while ago however if your still in the market I work with both Conventional and HML and would love to assist you.

So, at a price of $360,000 and a 20% downpayment, you would be borrowing $288.000.

Movements of the Shanghai stock index and delinquencies in sub prime mortgages have clearly left their mark on mortgage rates.Measures such as more stringent regulations for qualifying borrowers to mortgage loans are bound to affect the housing sector in an adverse manner.

How much are you borrowing and what are your mortgage payments (P & I)?

Tell me what county/state the property is in and I will tell you how to look up the title on line...the borrower's name will be on the title and then perhaps you can locate him/her with a reverse address lookup...Regards,Scott Miller