Seller did not feel that a second position mortgage adequately protected her.My proposal is that we have two (2) transactions.The first transaction will be for an undivided 7/10 interest in the property and the sale price will be $157,500.The second transaction will be a sale on contract of the remaining undivided 3/10 interest in the property for the remaining $67,500.

The real question is - will the government get involved if they feel this will discriminate against buyers with less income, veterans, or other protected classes.

I feel confident it's going to be very expensive.

Feel free to contact me and I will be glad to discuss...

Do you feel like that purchase was worth it since you had to put so much money down?

Many of their investors feel like they got scammed and are very upset about all the hidden fees 

All of these loan rules/guidelines can be confusing so feel free to reach out if you want to talk anything through. 

So, I feel your pain.

If you have specific questions or topics you'd like to discuss, feel free to share, and I'm here to help!

With interest rates going up from the lowest in 30-year history of 3% to 7%, many people sentimentally feel that this is not a good time to buy a home and are postponing home buying decisions until after interest rates drop down.Let me explain why this is a wrong way to think about buying a house and why now is a great time to enter the real estate market.Reason #1 is that interest rates in your lifetime will never going to be as low as they were during pandemic.