Jul 22 2011, 10:57 AM
QUOTE(jeff_ckf @ Jul 22 2011, 09:18 AM)
Guys, I would like to ask one question regarding this 70% LTV issue. If let's say A and B currently owns two properties (Property 1 and 2). By owning I mean both their names appear in both the house title. However, only Property 2 has both of them as borrowers whereas Property 1's loan is solely handled by A.
For the example above, can B still buy another property (let's call it Property 3) and just pay 10% downpayment? Thanks in advance for any advice
LTV70% look at loanee's names, not properties names.For the example above, can B still buy another property (let's call it Property 3) and just pay 10% downpayment? Thanks in advance for any advice
person A hold just one loan, so yes he is eligible for 90% in another property.
Quote
0.0224sec
0.64
6 queries
GZIP Disabled