Started By
Message

re: Condo Finance Advice

Posted on 10/24/12 at 8:49 pm to
Posted by bryso
Member since Dec 2006
27130 posts
Posted on 10/24/12 at 8:49 pm to
Baton rouge

Eta:

I plan to buy a house in 12 months what's this condo loan going to do to my ability to go out and get another loan.
This post was edited on 10/24/12 at 9:53 pm
Posted by Pilot Tiger
North Carolina
Member since Nov 2005
73167 posts
Posted on 10/25/12 at 7:06 am to
why dont you just rent it out?
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35640 posts
Posted on 10/25/12 at 8:03 am to
quote:

I plan to buy a house in 12 months what's this condo loan going to do to my ability to go out and get another loan.


It's going to add debt. Will your debt to income ratio support two mortgage payments because you aren't going to have a rental history on the condo.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram