Does the Home Rescue Bill have any assistance for a 2nd home

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Icon Mini Profile bret75




Joined: 01 Aug 2008

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PostPosted: Sat Aug 02, 2008 7:00 am    Post subject: Does the Home Rescue Bill have any assistance for a 2nd home

Does the "Home rescue Bill" have any assistance for a 2nd home?
Icon Mini Profile kpatrick
kpatrick



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PostPosted: Sun Aug 03, 2008 8:35 am    Post subject:

Hi Bret,

The new bill is built around the FHA loan program, and fha only insures primary residences, so I doubt that they will allow you to refi a second home.

Kim

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Icon Mini Profile brian1
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PostPosted: Sun Aug 03, 2008 5:33 pm    Post subject:

No primary only
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Icon Mini Profile firstloan19




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PostPosted: Mon Aug 11, 2008 9:00 pm    Post subject: Does the Home Rescue Bill have any assistance for a 2nd home

just the first home. Have you tried getting refinanced.
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Icon Mini Profile sara
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PostPosted: Tue Aug 12, 2008 5:12 am    Post subject: RE: new housing bill for 2nd home

Hi Bret,

Welcome to the forums.

The New Housing Bill does not speak of assistance for second homes actually. It concerns mortgages on primary homes . Know more about the New Housing Bill .

Take Care
Icon Mini Profile jmiller




Joined: 04 Sep 2008

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PostPosted: Thu Sep 04, 2008 10:39 pm    Post subject:

No this program is only available for your Primary Residence.

I am very mortgage savvy....

I am a Mortgage Professional, and I do stand by everything I post

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