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Showing results for tags 'down payment'.
Hi Everybody, I'm Brent and i'm 28. My parents have owned a duplex property since 1980 in PA. My dad passed away a few years ago and my mom doesn't want the responsibility anymore even though I take care of the place. So she decided to talk to a real estate company. During this process, I spoke with business savy family members and decided that I will buy the duplex from my mom. I was taking care of it anyway, I might as well own it and make money. Two sides that have tennents and will profit. So here is the issue. So what will benefit me the most? Avoiding the banks and giving my mom a large
has been signed and accepted by seller? Putting down a down payment of 40,000 and want to change it to 35,000. Finance officer told me it's not a problem, but real estate say's it is, and that we will have to do an addendum, and the sellers can refuse it.
Recently relocated from Ohio to Maine. Unable to sell home in Ohio so far, and was counting on the proceeds to be my down payment. New employer is covering all closing costs, including points, so just need down payment. Not a first-time home-buyer, obviously. Make too much to qualify for USDA loan, even though new town is rural enough that property would qualify. Not a veteran. That eliminates most of the 100% financing options I have seen. I know most of the seller assistance tricks went away with the housing crisis. Pre-approved for a mortgage. Current DTI, incl