The mortgage is a very powerful tool if used correctly. You can purchase a single family home from a motivated seller make a few repairs and live in it for a while. After a year or two you might want to take the money out of that home and purchase a newer or larger on as the family grows. It is possible to rent that first home and at the same time get money from it to make your down payment on the second home. Don't worry when you rent the first home the renter will help you pay for the extra money.
I have several publictions explaing the mortgage process and just how it works and wold be glad to share them with you, just send me an email and let me know just what interest you.
Some of these articles include:
Demystifying the Mortgage Process
The Low Down on HARP
Just whe is a HARP Loan? Well contact me and I will be glad to send you information on it. Some of the questions answered are:
How do I qualify for a HARP mortgage?
Will I lhave to pay for an appraisal?
Will my mortgage increase?
Just send me an email and I will be glad to send you the information.