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 first instance bag vendee and due to Credit reason around 600 bureau loans are appealing to me. The bag value is est. $195k, we hit united upon $160k for a acquire price. My parents carry est. $145k mortgage within that a est. $100k is in bag justness loans at 2.5%. Is there a way 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?
Miami Home Mortgage Refinancing Rates

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