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Updated 12 months ago on . Most recent reply

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Daria Johnson
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Questions on shared equity loan?

Daria Johnson
Posted

I have equity in my property which is in Washington state, and I'm interested in finding an investor who would be interested in loaning me 20k to 30k in exchange for an agreed percentage rate when the house sells (within 10 years). I'm not able to apply for a regular home equity loan since I am disabled and have a fixed income. My current mortgage is 3.6% on $112,500. The estimated value of my house which includes 5.5 acres is $350k. I assume that an investor would put a lien on my real estate for security, which is understandable. I'm just asking this forum in hopes that someone will be interested in a simple equity transaction. Thank you, Daria

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