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Updated over 7 years ago,
financing during divorce
Hi everybody,
Thanks for making this such a great community. I'm looking at an income property which I could potentially purchase for all-cash. However, I would much rather finance it for a higher CoC return.
The problem is, I'm currently in the middle of a divorce, so I doubt I would qualify for a conventional mortgage.
What kind of lenders would you recommend I seek out who might not care about the divorce?
What kind of interest rates am I likely looking at if I pursue an unconventional mortgage?
If I purchase the property using an unconventional mortgage, what are my options for converting that later into a conventional loan at a better interest rate?
Many thanks!
-N