"what To Do At Closing?"
obvious 1st timer.how do you get your T/B financed when you do a sandwich l/o.talked to lender today and was told not possible when goes to HUD without me being on deed for 12 months and turning a profit.please help!all appreciated.
if the loan is a conventional loan, then the 12 month period may not apply.
In other words, not all loans are done the same.
If your broker didn't know that, then perhaps you might want to consult with another broker/ lender
do you do a double closing? how does that work?or is there a way around that by using escrow co.?how does that work?
Many lenders are making money due to the seasoning requirements of their competition. If your lender doesn't want your investor business, then take it elsewhere.
Go to a mortgage broker to explore your exit strategy.