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Can I get a 95% loan to value mortgage on a second house, while trying to sell the house that I am in now?
Posted on December 14th, 2008 No comments
presocratic1 asked:
We are trying to sell our current home, but are having trouble, and might need to drop price to get rid of it, in order to avoid paying two mortage payments.We are counting on the proceeds from the sale of this house to increase our downpayment. We’ve got 5% down already, but it is looking more and more like we might have to lower our price to the point that we won’t be making enough money on the sale to significantly increase our downpayment.
Any ideas?
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