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Updated over 10 years ago on .

Bobby Holley's profile image
Bobby Holley's profile image
Bobby Holley
  • Entrepreneur
  • from Duluth, Georgia
  • Member since Sep 16, 2015

User Stats

68
Posts
5
Votes
Bobby Holley's profile image
Bobby Holley's profile image
Bobby Holley
  • Entrepreneur
  • from Duluth, Georgia
  • Member since Sep 16, 2015
Bobby Holley
  • Entrepreneur
  • Duluth, GA
5
Votes |
68
Posts
Creative Real Estate Financing

Can A Seller Finance a Downpayment?

Bobby Holley
  • Entrepreneur
  • Duluth, GA
Posted

Here's the scenario: I am purchasing a house from a seller for $198,000. He owes $158,000 on the mortgage.  Can I get a loan for $198,000 and instead of putting 20% (roughly $40,000) down with the lender will the lender allow the seller to finance the downpayment after paying off the mortgage?

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