All Forum Posts by: Michael Acheampong

@Michael Plaks

Hey Mr Plaks, you have a phone #or email I have so many questions preferably your number.

I want my brother to feel like I know what I’m doing which will make him more likely to do that deal with me.

Thanks once again

@Michael Plaks

First of wanted to thank you so much for your time. I really do appreciate you taking time out of your day to answer my questions.

The balance between the seller price and the loan, do I pay that in cash? How do I go about that.

@Michael Plaks if I can get a loan would you recommend getting a loan or buying subject to if possible.

I plan on buying my brothers duplex when he moves out of state. He still has a mortgage on it.

Can I pay my brother the mortgage and he pays the bank, like basically he’s my bank because I can’t qualify for a mortgage.

I’m a registered nurse and length of credit history isn’t good enough to qualify for a mortgage. I’ve only had credit for a year but the score is pretty high 754 equifax.

If he’s my bank, how does that work, how do I know if he’s really making the payments, do I get a title, is it on file that the house is in my name or his, how do I track how much I pay him etc. after a year of doing this I plan on getting my own mortgage. The mortgage company said I could qualify after 1 year.

I plan on buying my brothers duplex when he moves out of state. He still has a mortgage on it.

Can I pay my brother the mortgage and he pays the bank, like basically he’s my bank because I can’t qualify for a mortgage.

I’m a registered nurse and length of credit history isn’t good enough to qualify for a mortgage. I’ve only had credit for a year but the score is pretty high 754 equifax.

If he’s my bank, how does that work, how do I know if he’s really making the payments, do I get a title, is it on file that the house is in my name or his, how do I track how much I pay him etc. after a year of doing this I plan on getting my own mortgage. The mortgage company said I could qualify after 1 year.

I plan on buying my brothers duplex when he moves out of state. He still has a mortgage on it.

Can I pay my brother the mortgage and he pays the bank, like basically he’s my bank because I can’t qualify for a mortgage.

I’m a registered nurse and length of credit history isn’t good enough to qualify for a mortgage. I’ve only had credit for a year but the score is pretty high 754 equifax.

If he’s my bank, how does that work, how do I know if he’s really making the payments, do I get a title, is it on file that the house is in my name or his, how do I track how much I pay him etc. after a year of doing this I plan on getting my own mortgage. The mortgage company said I could qualify after 1 year.

TIA