Hi Everyone...
If we buy a home from someone via an agreement for sale and they go to buy a new owner occupied home do they need 5% or 20% down?
I am hearing that they will need 20-25% down since they still have a mortgage in their name....
Please clarify if you can....
Thank you!
If we buy a home from someone via an agreement for sale and they go to buy a new owner occupied home do they need 5% or 20% down?
I am hearing that they will need 20-25% down since they still have a mortgage in their name....
Please clarify if you can....
Thank you!