Posted by Buddy on January 25, 2000 at 18:43:40:
If you are going to live in the house as owner occ. you have several options. I did a similar deal with a lot of equity but couldn’t get financing on appraised only on purchase. I found a private investor, let them buy the house all cash, and purchased from them a year later paying them 20 % on their money. This is not the best way to do it, if you can find a way to get the title in your name and refi after a year or so you can easily save 8-10%. If your credit is not totally shot, use one of the banner above that link to the companies that buy mortgages and crate a mortgage and sell it at closing.