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Private Lending & Conventional Mortgage Advice

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Brian Brigham
  • Charlotte, NC
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Conventional Loan as Partners

Brian Brigham
  • Charlotte, NC
Posted Jul 28 2014, 07:22

How would a lender want to see things done if Partner A were looking to assume a convention mortgage for a rental property, using Partner B's money for down payment and closing costs?  I've read here that some folks have done this, but from what I understand, I thought a lender would want to see that all of the the funds were actually coming from the loan applicant themselves?  Is there a way to do this without Partner B needing to be on the loan?

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