Asked by Steph, Charlotte, NC • Tue Nov 10, 2009
Can I buy my fiance's house from him at a fair market value in order to 1) for him to get cash out that we will use as a down payment on our new home (we could get more this way then on a HELOC 2) lock in a lower rate on his home without refinancing, and be able to keep it as a profitable rental because although we will be increasing the mortgage balance, our monthly payment will be lower.
Real Estate in Charlotte
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