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Can I get another loan if I become a owner financer

Posted on: 31st Oct, 2010 06:41 am
I want to seel my house to someone as an owner financer, can I still get another loan for a new home?
Hi guest,

I won't any difficulty in getting a new loan for the new purchase.......because when you are owner financing your current home it is very clear that there is no mortgage and the home is debt free.

So you have enough equity in the home to be eligible for the new home..

Feel free to ask any further query if you have..........

DIPA
Posted on: 31st Oct, 2010 10:24 am
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