I currenly live in AZ my home is appraised at 220K and my current mortgage is 157K. I would like to sell the
home to my elderly mother and continue living here and help pay the mortgage. Is that possible? She is 87 yo and only have Social Security and a trust that is in my sisters name and my name. Please advise.
Answers (1)
FIRST ANSWER
Hi Ppalos,
Yes, this is possible provided your mother qualifies based on her income & credit scores.
If that is a problem, there are ways to structure a loan that will possibly qualify your mother for a loan to purchase your home.
Let me know if I can help you with the details.
All the best,
Ros
Roswell Moore, CMPS
Certified Mortgage Planner
(480) 422-5095 Direct
Web Reference: http://www.ezAZloan.com
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