home buying question
Can you please tell me if it is possible to get a first mortgage from a lender for 50% of the home price, and have the seller carry a second mortgage for the other 50% with no payments for 15 years?We are interested in a home where the seller might be interested in structuring it this way, as his home is totally paid off. Are there any lenders that would go for this? by bigtexas4451 from San Antonio, Texas. Sep 21st 2009
Joshua Crater (Rate1st.com)
#203 ranked lender in California - 47 contributions
I can answer that question for you no problem but I need to speak with you to clarify some details. My name is Brock, You can call me at 949-287-4058 or email me direct at bhicks@rate1st.com
Michael Panza (michaelpanza)
#5 ranked lender in Massachusetts - 2 contributions
This is definitely a possibility but i would need to know a bit more information about the overall situation. First being what type of property are you trying to buy? Have you been pre-approved for the sales price? What is the location of the property...address etc. If you like we can schedule a time where you can ask any additional questions you may have for this process.I can be reached at: info@mikepanza.com Thank you
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