Looking for feedback on this consideration. With the housing market where it is, it appears that we could effectively change our mortgage such that we would have adequate funds to purchase a second unit for rentals. Interested in pros and cons and best loan strategies\options if did obtain 2cd mortgage on new property (also 30 [...]

I want to sell my current home, but think I will get about $30 K under what I owe. Would I be able to take that amount, and roll it into the new mortgage on the loan of a new home? No. You could contact your mortgage lender and attempt to do a short sale, [...]