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Updated 5 months ago on . Most recent reply

User Stats

18
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4
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Diego Maramba
  • Rental Property Investor
  • Silver Spring, MD
4
Votes |
18
Posts

Alternative Financing for Primary Residence

Diego Maramba
  • Rental Property Investor
  • Silver Spring, MD
Posted

My ex-spouse is exercising her right to list our home (my daughter and I live here) for sale per our settlement agreement. I would like to continue living here with my daughter but was unable to refinance through traditional means as I do not have steady income. I need to remove her name from the mortgage and buyout her equity split in the home. Would anyone happen to have experience with alternative financing options like HEI (home equity investment) companies that would allow us to continue living in our home? I am doing some research now and asking here as well. TIA

Most Popular Reply

User Stats

968
Posts
682
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Taylor Dasch
  • Real Estate Agent
  • Temple, TX
682
Votes |
968
Posts
Taylor Dasch
  • Real Estate Agent
  • Temple, TX
Replied

Is the equity split 50/50? I am not sure of the exact options you would have but I would contact Jay Hurst on here, I imagine with 50% equity theres something that could be done to refi this property. 

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Taylor Dasch | EG Realty
5.0 stars
44 Reviews

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