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Updated over 6 years ago on . Most recent reply

Aditya Maini's profile image
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Aditya Maini
  • Investor
  • from Arlington, VA
  • Member since Dec 26, 2017
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Aditya Maini's profile image
Aditya Maini's profile image
Aditya Maini
  • Investor
  • from Arlington, VA
  • Member since Dec 26, 2017
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Aditya Maini
  • Investor
  • Arlington, VA
12
Votes |
52
Posts
Private Lending & Conventional Mortgage Advice

Personal Loan and Delayed Financing

Aditya Maini
  • Investor
  • Arlington, VA
Posted

I am considering taking out a personal loan to pay cash for the property. Will I be able to do Delayed Financing? 

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Eric Veronica's profile image
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Eric Veronica
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  • from Cleveland, OH
  • Member since Sep 4, 2011
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Eric Veronica's profile image
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Eric Veronica
  • Lender
  • from Cleveland, OH
  • Member since Sep 4, 2011
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Eric Veronica
  • Lender
  • Cleveland, OH
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Eric Veronica
  • Lender
  • Cleveland, OH
Replied

@Aditya Maini you will have to document the source of funds for the personal loan meaning the note. The the loan will have to be paid off on the closing disclosure for the delayed financing. 

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