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Updated almost 5 years ago on .

Jose Vargas's profile image
Jose Vargas's profile image
Jose Vargas
  • from Bronx, NY
  • Member since Apr 16, 2018
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Jose Vargas's profile image
Jose Vargas's profile image
Jose Vargas
  • from Bronx, NY
  • Member since Apr 16, 2018
Connect
Jose Vargas
  • Bronx, NY
0
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5
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Creative Real Estate Financing

Financing after a foreclosure?

Jose Vargas
  • Bronx, NY
Posted

Hello all,

The wife and I was just blessed with a new baby girl and we need more space. We found a home that we both love but I’m stuck on how to make possible. I had a foreclosure that sold on Jan 2019 and can’t qualify for a conventional loan. I’m able to put down 20% and have access to refinancing my dads house for the rest. If I purchase this new home cash, am I able to refinance and pay off my dads house off? He gave me the ok but I rather figure this out keeping his house free n clear of debt. Any suggestions please?

Thank you,

Jose

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