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The time now is 10/06/08 - 16:56

Get loan to buy property from family


RealCool.BIZ Forum Index -> Finance -> Loans

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bealle
Apprentice


Joined: 13 Oct 2005
Posts: 8



PostPosted: 12/30/07 - 09:51    Post subject: Reply with quote

I h ave recently been looking to buy a property from family and the only way to do it is to get a loan. However, I am not sure whether it is difficult to get a loan, and, moreover, whether it is difficult to a good one for buying a property (just as I am interested in interest rates оf it). If anyone could give me more info, that would be great.
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erroll
Apprentice


Joined: 05 Jul 2007
Posts: 9



PostPosted: 01/29/08 - 00:39    Post subject: Reply with quote

Taking a loan from a lender is basically taking some money for a purches with an obligation to pay it back, even a bit more than the previously borrowed sum. How good will rates be for you depends on your financial situation and the trust it will generate. The better your states, the better is the deal you will get. In any case, it is a good idea, and I would encourage you to pursue it. I suggest you go to http://www.amerfirst.org/real_estate.shtml for more info on the matter.
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