Friday, September 17, 2010

Open Question: Purchase parents house with FHA loan or can we transfer their loan?

I desire to acquire my Mother and Father's home. I am a prototypal time bag buyer and cod to Credit reason around 600 bureau loans are appealing to me. The bag continuance is est. $195k, we hit agreed upon $160k for a acquire price. My parents circularize est. $145k mortgage within that a est. $100k is in bag justness loans at 2.5%. Is there a artefact to transfer the title completely and adopt their mortgage which carries a modify welfare rate? or do I class mortgage brokers? or assign unions and banks better?
Bad Credit Home Equity Loan For People With Bad Credit

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