Question
If I qualify for resid loan, how can I buy a cashonly 'commerc.zone' property?-has 1 office & 1 house in deal?
I qualify for residential loan and I currently own a home..someone said I could use the equity...I'm new at buying a commercial property and I simply want to use 1 of the buildings for an art gallery and the other building as a small house...the other building is already a "house" w/ bedroom, kitchen, bathroom, etc. The property is in Harris/Houston...they have very few zoning restrictions as it is.
12 months ago - 3 answers
Best Answer
Chosen by Asker
You would need a commercial loan, a residential loan would never close on a business. Just because you qualify on the loan does not mean the bank will approve of anything.
by Landlord
12 months ago
Asker's Rating: 
Other Answers
Talk to your local Banker. He is nore knowlegeable as to your situation and he has your best interest at heart
by Steve L- 12 months ago
Hello, I live in the US and i really have never seen goodness shown to me this much in my life as i am a struggling mum with three kids and i have been going through really rough times in my life and my name is Helen Peters and in all this hard times, a worse incident occured in my life as i lost my job which was my only means of survival and things became really bad as i had bills to pay and my last son suffered a knee injury incurred when he fell from a tree house and the doctors informed me that he needed a surgical operation for his knee so he could walk again and at this point, life was useless to me as i have no family and no one to run to and each night, i will sit down and cry till the break of dun until one day, i read an advert on yahoo answers of man that stated that he could help people in my shoes with loans and in my desperate situation, i had no choice but i had to try and so shocking and suprising, it was like an impossibility becoming a reality, i got a loan of $75,000 USD even with my bad credit within 48 hours and my sons surgery was done and thank GOD it was successful and now, i am okay and living in comfort with my kids and i said to my self, i have never ever seen this kind of wonder in life and i decided i will tell it to the whole wild world and i need every one to thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family even when all hope had been lost and gone and i will say to every one, no matter how dark and sinful the world is today, there are still GOD fearing and reliable people on earth and if you are in my former situation or require a loan legitimately, i will advice you contact this loan lender and you can reach him via patrickharvey12@yahoo.com and i want you all to pray for this man for me.
by Helen- 12 months ago