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we have a owner will carry contract or what is call contract for deed,which is it to refinance,or do we need to get a purchase loa

by sammiejammie530819 from Las Vegas, Nevada. Apr 6th 2015 Reply


Is the loan assumable? I would like to know more about the situation, as there are a few variables. Call me. 702.683.3126 Nathan Kessler CityFirst Mortgage NMLS 377217

Apr 6th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

if your existing loan is seller financing, then you would be refinancing, since your already on the deed.. Lenders will look at this just as any other type of refinance.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Apr 6th 2015
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Linda Wintersteen (Linda123)
#64 ranked lender in Arizona - 1,250 contributions

check your paperwork.. i have a client that I had to refer to a real estate attorney his paperwork from a owner carry prohibits him from refinancing..

Apr 6th 2015
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Derick Condron (rightstartoregon)
#33 ranked lender in Oregon - 597 contributions

depends on how you set it up. If title was transferred to you then it will be a refinance.

Apr 6th 2015
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,224 contributions

Having trouble understanding whether you are purchasing the home or interested in refinancing. I just handled refinancing one of these a couple months ago but the details of how it was set up made a difference whether it would be a refinance or a purchase.

Apr 7th 2015
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