I need some answers on refinancing houses?

Hugo
if you buy a house and it is paid for how much will the downpayment be on your second houseAND can you buy a house and when it is not totally paid for can you flip a house to pay off the mortgage on your first house

Lura
first off, usually they try to get around 20% but it depends on how you finance it. Whatever u cant make of the 20% is usually opened as a 2nd higher interest mortgage with a 15 year balloon payment at the end. Also make sure you are able to pay on it for at least a few more months than anticipated because things dont always happen as planned.

Eugenie
I think I understand your question. You normally need 20% down on your next home but you could just pull equity out of the 1st home for that. The answer to your last question is yes. I recommend you contact Hamlin Mortgage. Check out the free evaluation form atwww.totaldebtsolutionsllc.comand they will have a loan officer from Hamlin contact you. Good luck.

Rich
I think if I was you, I'd invest in a logic course prior to pursuing any home purchases. It sounds like you're more than a bit confused.