can i do a 103 perent mortgage to include closing?
Deal Score0
the home is a foreclosure and we just found out we can’t do seller assist, since this home is going in 4 weeks to foreclosure, it’s sooner than we wanted to purchase, our income tax won’t be back in time to help, so can we take the closing in the loan? yes i left a message for my mortgage broker but he’s in a meeting so therefore i am asking so when he calls back at least i have some knowledge of whats happening.
ask your broker if he can raise the purchase price and negotiate some creidt from the seller.
There are some programs that will allow you to do it. It is best to have above average credit for such a program though.