Refi after Contract for Deed - Posted by Steve C (TX)
Posted by Steve C (TX) on April 27, 1999 at 24:11:19:
I bought a SFR about 8 months ago and want to sell the house on contract. I bought the house with one of those 95% investor loans with Mortgage insurance figuted into the loan interest rate (about 9.5%). I want to ask the mortgage co. for a rate reduction or I will refi with someone else. The question is will it be hard(er) to refi if the house has been sold on contract? Or should I try selling it again with a L/O. I would guess that if I showed a traditional lender that the house was sold on contract, they may not want to work with me.