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Updated over 16 years ago on . Most recent reply

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Mike Lee
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50
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Conventional loan possible?

Mike Lee
Posted

Hi Guys,

I was wondering for sellers that aren't that motivated to sell so quickly, will it be okay to negotiate pay terms for a conventional loan? I figure that it will save my buyers money over a hard money loan, and will also allow non deals to become deals. The contract will then be assigned to another investor.

What criteria will property need to meet in order to be eligible?

How long will closing take?

Any help is greatly appreciated.

Thanks in advance,

Mike

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