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aksh12th · Joined: 30 Jun 2009 Posts: 49 0.28 Dollars($)

my old house , I already taken mortage from last 3 years.
but i want to take second mortage ,but as per my information second mortage has very costly than first one and facilities are less.
this old house now i am going to transfer to my wife. so then can i eligible for first time mortage.

please let me know what is difference between first and second mortage ..???

Please let me know which way is suitable for me..

Thanks

gmakerley · Posted: Mon Jul 20, 2009 7:56 am Post subject:

first mortgages are first, second mortgages are second...it's a matter of precedence.

transferring title to a home will not make a person eligible for "first time mortgage."

i have no comment on the other issues.

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