Home Loans page 169

How Eager would Wells Fargo be to recieve a payoff on my Michigan home Loan?

WAIT, does anyone in this room remember any recent history ? how about Bush's zero down initiative?

whats better..a in house loan 100% fin. or FHA with 3% down?

Is it hard to get zero-down or 3 percent down mortgage loans now?

Can you use a home equity loan for something other than a home?

If someone takes out a home equity loan and uses it to make another investment or 2, then house forecloses.?

10-euro-commemorative coin "200 years of Grimm fairy tale"

Banks level reduction of the insert protection

Qualifying for home loan with student loans?

I've been getting depressed because rent is so expensive and I was thinking, using bank calculators that I won't be able to buy a first home either. Then suddenly I realised if I rented out at least one good quality room I would be able to afford quite a reasonably priced house. I also realised that if I had more than one room to rent, the flatmates could pay entirely for the payments and I'd have the spare money for the costs of owning a home. Would a bank allow me to borrow and then rent out rooms to cover the costs? (renting is expensive for me because I'm trying to find places which allow dogs which are usually houses with big sections). I also would spend time (unfortunately staying at home with the folks) earning a small deposit.

Most banks would not be impressed with this idea. They will want you to be able to qualify for the loan all by yourself. I would not mention to them that this is your intention. After you buy your home then if you want to rent rooms out that is up to you. It is your home you can do with it as you please. Hope this helps,