outtahere asked:
We want to help my nephew buy our little condo. He and his wife pay 800/month rent now and probably can’t afford much else.. We would sell it to them for 142,000. We don’t want mortgage brokers to contact us….we just want information on the types of special loans available to first time home buyers (low interest rates, etc). Could they afford to do this with very little or no money down?
Thanks in advance!
By the way, we don’t own it free and clear. We have a loan on it now and our payment is around 800/month but we put quite a bit down.
Florence
We want to help my nephew buy our little condo. He and his wife pay 800/month rent now and probably can’t afford much else.. We would sell it to them for 142,000. We don’t want mortgage brokers to contact us….we just want information on the types of special loans available to first time home buyers (low interest rates, etc). Could they afford to do this with very little or no money down?
Thanks in advance!
By the way, we don’t own it free and clear. We have a loan on it now and our payment is around 800/month but we put quite a bit down.
Florence
