Posted on: 09th Dec, 2010 12:50 pm
I am the seller. I owner financed a house to a couple. We did all the transaction through a title co. We agreed on a 30 yr mortgage with a 2yr. ballon. Currently I want to buy another house, to sell with owner finance. Could I get a investment loan on the house I sold, since I'm the 1st. Lien.
thank you
thank you
Hi designerone!
Welcome to forums!
It will depend upon the lender whether or not he will be able to give you a mortgage. However, as you already have a lien on the property, then lender may not be ready to give you a mortgage.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
It will depend upon the lender whether or not he will be able to give you a mortgage. However, as you already have a lien on the property, then lender may not be ready to give you a mortgage.
Feel free to ask if you've further queries.
Sussane