I’m looking for $53K loan on a house I offered $93K for. I have one mortgage @ Wells Fargo, should I go back?
I will actually move into the new place and rent out the place I have to my brother. Will I run into any problems with this?
Both places combined are probably worth $ 180K but I will have $ 42K financed in my current home and will finance about $ 53K in the new place.
Just looking for some general advice.