Profile picture for polanco613

using hard money loans to purchase a refinance to conventional

Im planing on purchasing a short sale using a hard money loan ...then using rental income only to qualify for a conventional loan ...rental income is double the PITI
(Self-sufficiency)  Does anyone have expirience in this scenario....I cant use my job to    qualify...
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 03 2012 - US
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (2)

Profile picture for Snugloans

[Promotion and website deleted by Zillow moderator. Please see our Good Neighbor Policy for more information.]

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 06 2012
Better talk to a loan officer, I am pretty sure they are not going to let just  use your rental income qualify for a loan. They go by income from your job and two years job time. Hard money is very expensive and usually used on short term loans, like when someone is buying a house to flip.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 03 2012
 
Related Questions
What are the upfront and ongoing costs associated with buying a home in Massachusetts?
Profile picture for Charlotte Marrocco-Mohler
Latest answer by Charlotte Marrocco-Mohler
1 minute ago | 4 answers
Is this realator legit?
Profile picture for Robert  Adams
Latest answer by Robert Adams
2 hours ago | 9 answers
how can i contact zillow to purchase the home
Profile picture for Paul Atkins
Latest answer by Paul Atkins
2 hours ago | 4 answers
Appraisal Question
Profile picture for Tony McMahon
Latest answer by Tony McMahon
3 hours ago | 2 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

 
 
 
Sign in with Google