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Will I be able to get a second mortgage?

Posted on: 09th Jan, 2012 01:54 am
hi there… i am in need of a second mortgage of $37,000. but then, i had to go for a deed in lieu of foreclosure in 2009. now i have a credit score of 650 and equity in my present home. will i be able to get a second mortgage? who should i contact for loan?
Hi Barry,

If you have equity in your property, then there are high chances that you will be able to qualify for a second mortgage. However, getting a mortgage will also depend upon your income and your credit scores. So, if you fulfill these two requirements of the lenders, you will be able to qualify for the second mortgage.

Thanks
Posted on: 09th Jan, 2012 02:22 am
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