change the mortgage for a home loan in Florida, if my income increases during the term of the loan?
We have an obligation to Florida FHA Mortgage and Housing approved. If our income increases during the term of the mortgage, we can be changed or increased, as well?
I bought a new house with a good salary down, and because it came from a report, below market value. Overall, it makes me a difference of about $ 150K + between the appraised value and the balance of the mortgage market. Now, I always think of a line of capital for about 40-50K, renovations and not pay the high interest debt, but I wonder how the rules apply seasoning mortgage in this type of situation. Wort has an influence may take the strict percentage of the value that you, or does it also cover the conditions? In this case, I’m only interested in a line of value to the trash … made a difference? Thank you!