All Forum Posts by: Matthew Tarantino

Hi All,

I have someone who is looking to purchase my townhouse in NY but they have a “for work only SSN”. Does anyone know of any way for someone in this situation to get bank financing for the mortgage. To my understanding you can’t get a mortgage with a for work only SSN.

The person we are looking to sell to is the manager of my in laws business and we have known her for a long time and are looking to help her in any way to purchase our townhouse.

Thank you for any help

Matthew

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*This link comes directly from our calculators, based on information input by the member who posted.

@Doran Summers Thank you for the advice, I did think I would be able to get a little more than 30K but if that's what i would end up with then it wouldn't be enough for a down payment. Would a HELOC be another option. I'd need to get around 45-50k to have a down payment for a reasonable multiplex in my area

I’m a newbie and I’m looking for some advice. We bought our townhouse and currently owe 98K, it’s currently worth 180K. Would it be wise to do a cash out refinance to buy a multiplex; I’m thinking a tri/quadplex so that I could at worst pay both mortgages but I’d obviously love to have some cash flow from my first deal. Or if anyone has any other ideas that could be better I’d appreciate the advice.