Forgotten Your Password?

Need to Register?

Question Icon

I am looking to buy out my siblings on a inherited property. I own 33%

by brenanae490 from East Hartford, Connecticut. 12 days ago Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,000 contributions

Not a problem.. this is done all the time.. The best advice I can give you is to contact a mortgage banker/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

12 days ago
1
0

If the property is presently held in all three names you will essentially refinance the property to buy out the other two siblings we are located in Connecticut with three offices you may contact me at 401 301 0130 for more information thank you

12 days ago
0
0
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,553 contributions

Your situation is fairly common. As long as you qualify for the financing, you it isn't an issue. Contact a local mortgage broker in your area, give them a full application, and let them zero in on all your options, and how to structure the deal to fit financing guidelines. For this situation in MN, WI, or SD, visit me at www.StPaul-Mortgage.com

11 days ago
0
0
Subscribe to our news feed.