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We are first home buyers and we are trying to get a mortgage loan with a 1st lien (lender) and 2nd lien (father - Deed in Trust). Is this possible?

Posted on: 16th Sep, 2009 08:36 am
Purchase Price: $265,000
Down: $150,000 (money from dad [deed in trust]- small percent loan

We have 20% available in our savings, so if we need to use that for part of the $150,000 down we can do so.
Yes absolutely

You just need to show where is the money is comign from
Posted on: 20th Sep, 2009 11:51 am
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