Posted by Stephen Simpson on January 15, 2000 at 24:49:52:
Ask the bank to hold a 60% 20 year loan (say 9.5%) and ask the seller to hold a 2nd 40% 5 year balloon (say 10%)Make sure the property will support it. Additional , if the property will support it finance you closing costs and cash back at closing
bad credit condo/co-op purchases - Posted by edna mcLaurin
Posted by edna mcLaurin on January 15, 2000 at 24:09:33:
I’m looking for a creative financing plan that can get me a purchase of three co-ops ranging from $8k-9k. One loan company states that due to my discharged bankrupcty which is 2 years that I may not be eligible. Help my out!! I have a few rent options and I believe condos and co-ops are a simpler way to go. The propety is in Suffolk County NY.