Posted by KevinMiami on March 14, 1999 at 24:39:01:
My mortgage broker told me that there is a program available where lender finances 80% and seller carries 20%. Check your mortgage broker.
Help! How is this done? - Posted by ScottE
Posted by ScottE on March 08, 1999 at 15:51:44:
I may have found a buyer for a small home I am selling. It doesn’t sound like they are going to have a ton of money to put down,but can qualify for a loan/mortgage.
My questions are these:
If they can only get a 80-85% LTV mortgage, how do they “show” a down payment to me in the 10-20%range? Don’t most lenders require showing a cash down payment?
I have no problem taking back a second, if needed.
Thank you
Scott