I bought a single family house in Feb 2006 and want to buy a second home, possible a duplex.My first house is completely rented out as of right now.

The increase in rates is only marginally higher than the recent lows with a likelihood of a further rise by at least two basis points in the coming week.Thanks and RegardsRob Thomos

What is being auctioned off takes care of that lenders debt, no one else’s except if it a first mortgage, the second and third lose their equity in the property.

How to you plan on access the second lot?

As long as more then 50% of the entire property's NOI is derived from the residential portion of the property, it is possible to achieve as high as 90% financing (95 CLTV with a seller second).

It's my second building.

Second, if I can start a business are my financial options better?

second question is if the answer is no to first question, then do you people think taking the core coureses for becoming a broker is helpful for an individual who would like to do the above?

. $212,000 loan @80%30 year fixed, fully amortizing using our Paper Saver process - like stated income but no charge for it6.375% would cost you 1.00% discount point - 6.532% APR$819.80 total lender feesIf you consider an 80/5/15 - where you put 15% down instead of 20%$212,000 loan @80%30 year fixed, fully amortizing6.375% would cost you 1.00% discount point - 6.532%APR$819.80 total lender fees2nd lien of $13,2508.375% would cost you 1.00% discount point ($132.50) 8.513%APRno extra lender fees on the second.So you save $13,250 and have an additional monthly payment on that second of $100.71 per month which means you break even in almost 11 years.

And go to the seller and ask them to carry a 15% second.