Posted by B.L.Renfrow on July 03, 2003 at 03:43:41:
First, the terminology lesson: you GET a loan; you GIVE the lender a mortgage in exchange. Yes, I know the term is misused all the time, but it’s an important distinction.
The best thing for you to do would be to pull a copy of your credit report and go talk to some lenders or a good mortgage broker and ask them. They should be able to look at your situation and tell you right away which would be the best option. Either way, the financing is in your name, so it’s just a matter of getting the best deal.