My husband and I are 59 and 69 we do not have credit but are selling a place in the country. If we pay 45,000

Asked by Sonia Hull, 76020 Fri Mar 21, 2008

down on a 83,000 would it be posible to finance the rest or even do a reverse morgage?

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M, , Florida
Sat Mar 22, 2008
Sonia,
You are paying over 50% of the purchase price in cash, this is very positive. If you can prove income or the ability to pay the remaining mortgage, you should have no problem assuming when the bank or mortgage company runs a credit report you have a clean record. I would be surprised if you can find a loan program for you. I assume you use a bank for something, start there.
Marian Schaffer
The Schaffer Realty Group
http://www.marianschafferrealty.com
877-886-8388
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