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my son want to buy our home in MA but credit isn't good. how do we get him on the mortgage and us off?

by djcolby304 from Rochester, New York. Sep 17th 2018 Reply


Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

If you have an existing government loan, like an FHA or VA loan, the loan is potentially assumable (with qualifying). If not, and he is not already in title to the property, all you can do is sell it to him. If there is equity, you can do it ask a gift of equity for down payment and closing costs, and he can get into the home with basically nothing out of pocket. For this situation in MN, WI, or SD, contact me at (651) 552-3681, or visit me at www.Joemetzler.com

Sep 17th 2018
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