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Updated about 11 years ago on . Most recent reply

Weston Brown's profile image
Weston Brown's profile image
Weston Brown
  • from Waco, Tx
  • Member since May 24, 2013
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Weston Brown's profile image
Weston Brown's profile image
Weston Brown
  • from Waco, Tx
  • Member since May 24, 2013
Connect
Weston Brown
  • Waco, Tx
1
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10
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Starting Out

Seller Financing affect Conventional Mortgage?

Weston Brown
  • Waco, Tx
Posted

How will a seller financed mortgage you had on a property affect getting approved for a conventional mortgage loan (on another property) from a bank? I'm assuming you would have to report it on the application wouldn't you? Or do people withhold this information from the bank?

I'm asking because my thoughts are it would be wiser to get a conventional loan first.

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