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Updated almost 13 years ago on . Most recent reply

User Stats

12
Posts
2
Votes
K Smith
  • Springfield, MA
2
Votes |
12
Posts

Going from HML - to a traditional mortgage on a property

K Smith
  • Springfield, MA
Posted

Is it possible to get a property thru a HML or REI, rehab the property and then get it sold thru a traditional mortgage? I know that is possible but exactly what I'm trying to do is get people in homes that dnt usually qualify for a mortgage if they go to a bank, they have a steady work history and have been paying rent with an ok credit score. I want to pick properties to rehab with them so we can all be on the same page from the beginning, get the loan from an hml then sell the property to someone that will be living in there first property thru a traditional mortgage? Thanks in advance. If my question is confusing please let me know so I can try to word it better thanks!

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