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Updated 10 months ago,

User Stats

80
Posts
26
Votes
Ryan Bakerian
  • Real Estate Agent
  • Albany, NY
26
Votes |
80
Posts

Seller Financed Refi Questions

Ryan Bakerian
  • Real Estate Agent
  • Albany, NY
Posted

Hi had a client approach me about a question I wasn't sure the answer to. He was looking at purchasing a seller financed house with a 5 year balloon. At the end of the 5 year balloon he is looking to refinance the property with no money down. He would have to have 75% LTV in the property via a bank appraisal to complete this correct? His only fees would be the bank fees on the refinance?

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