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Posted by Phil & Joanne on April 1, 2006, 11:03 am
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I have a question for this group.
My husband and I have some credit issues right now and we have found a house
to buy and my in-laws have offered to buy the house for us and we would make
the house payments, but they would secure the mortgage for us. Then in 2-3
years when our credit has been straightened out we would refinance the loan
into our name.
My question is: Is it possible for my in-laws to get 100% financing on the
loan (their credit is A-one) even if it is not their primary residence?
Thank you very much,
Joanne Garrett
bluwater1@direcway.com
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