by eyewash
Question by Maber: What is a typical interest rate on a bad credit mortgage?
I have recently been given the opportunity (because of a special HUD program for teachers) to purchase a $ 120,000 home for less than $ 60,000. My credit is not good enough (thanks to a job loss a few years ago) to get a good deal on a conventional mortgage. My parents and grandparent want to lend me the money because it would be a good investment for them (i.e., if I can't pay, they can turn around
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