Ok, so I am planning on buying a rental home in Florida. My husband purchased our home in 2003, my name is not on the mortgage. Would I qualify as a first time home buyer?
Second question...I have been opening tons of credit cards over the last few years-just for the points, no balances, will that matter to a lender if my credit score is excellent? Should I start closing some down? I don't plan on applying for a mortgage until about August of this year.
Finally, do any of you have rentals in Florida, and how is the market there? I plan on researching a lot before I jump into this, these are just some questions to get my mind rolling. Thanks for your help
Second question...I have been opening tons of credit cards over the last few years-just for the points, no balances, will that matter to a lender if my credit score is excellent? Should I start closing some down? I don't plan on applying for a mortgage until about August of this year.
Finally, do any of you have rentals in Florida, and how is the market there? I plan on researching a lot before I jump into this, these are just some questions to get my mind rolling. Thanks for your help