Buff asked:


1st mortgage only.

Lois

endlesstime20 asked:


I have a 1st and 2nd mortgage loans on my condo. The balance on my loan is more than the value of my condo. The loan on my condo is only on my name. If I purchase a new home with my parents (let’s say I can get the loan approve) and default on the loan on my condo…..can the lender go after my new home to recover their lost or 1099 me? Thanks in advance.

Adam

dwanal asked:


I’ve been approved for a 1st mortgage at a fixed rate of 7.38 and a 2n mortgage interest only at 10.425. This loan is for an investment property. I’ve been told that the 2nd loan is Home equity line of credit. How much will my payments go up on the 2nd mortgage and should I look for another loan. Thank You.

Marilyn