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by Alatea on September 16th, 2005
The mortgage company always looks to see if borrowed money is being used for a downpayment.
You could do it though you might be turned down by the mortgage company.
If you are creative it can be done :)
by Anonymous on April 19th, 2006
Do you mean....can you borrow money from a friend/bank to use for the downpayment on a house? yes you can. instead of one mortage payment, you will have another payment to your friend/bank. the bank will inquire the purpose for the loan and may classify your loan as a second mortgage. this could be expensive. ask lots of questions.
by Anonymoose on November 1st, 2006
As stated in the other answers it can be done. If you need downpayment assistance, you could contact someplace like rural housing development. They often times have downpayment assistance programs. If you are not sure if your town/city has anything like this, ask your realtor.
i've been told nc mountain land has thousands of acres available. what types of real estate is appropriate for this type of terrain?
by nomadcamper on July 9th, 2011
| 1 person likes this
what is the best performing property management software?
by phillip.salinas on May 1st, 2011
| 1 person likes this
Do you have your own house?
by killer007 on July 14th, 2011
| 3 people like this
To all you "Owner Financers"! What are the pros and cons for this transaction. I do owe on original mortgage. Need advice
by clarkbar on May 13th, 2011
| 1 person likes this
if your spouse takes the house off the market with out your signed permission can you do the same to put it back on.
by davidpetershaw on June 17th, 2011
| 1 person likes this
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