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Posted on 1/16/20 at 8:58 am to Milesahead
Minimum loan amounts. They aren't going to deviate from that because he wants to put $50k down. They make no money on a $20k loan.
His best bet would be to go to closing and payoff the existing mortgage and have the seller hold a note for the $20k.
His best bet would be to go to closing and payoff the existing mortgage and have the seller hold a note for the $20k.
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