Posted by Brent_IL on July 11, 2003 at 16:13:03:
The two transactions seem to be independent of each other.
If you want cash, refinance the family property before you accept the additional financial burden of a new residence.
If you just what to buy a new house and the owner wants zero down, why do you want to refinance the family property?
Lease Purchase Situation - Posted by Chris W
Posted by Chris W on July 11, 2003 at 10:09:17:
There is a residential property I would like to purchase that is very flexible with the terms. It is listed for $359k, with option of L/O, rent, 0% down. My family has a residential property for sale appraised at $213k with approx. $100k in equity. Is there a way to finance my residential property purchase given this information?
Your assistance is appreciated. Thanks.