From: Maren Purves 
Newsgroups: alt.invest.real-estate alt.invest.real-estate.methods alt.real-estate alt.real-estate.rentals misc.invest.real-estate
Subject: Re: Small Balloon Mortgage.
Date: Fri, 18 Feb 2005 14:10:31 -1000

A S wrote:
> In alt.invest.real-estate iNet  wrote:
> 
> 
>>"Benjamin"  wrote in message 
>>news:pt6dnUzRB99b2IjfRVn-tA@centurytel.net...
>>
>>>where is the best place to look for a 15000 5yr/25 balloon payment 
>>>mortgage? would a local bank do this? or do i have to find a lender.  I've 
>>>been looking around on the internet...and all the big companies won't do 
>>>anything that small.  the house i'm buying is listed for 18,000, and i 
>>>want to finance the down payment over 5 years, and the seller wants cash 
>>>to build a garage..., and i want to do a no money down deal.  Can anyone 
>>>help me?  Is there a better way to do a no money down deal without much 
>>>credit?
>>>
>>>Ben
>>>
>>>P.S.  the seller would be cosigning this loan...but i'm trying to make it 
>>>as simple for him as possible, and make his risks as low as possible.
>>>
> 
>>$18,000?
> 
>>How about a credit card?
> 
> The OP wrote, "without much credit?" Not many people with imperfect/too 
> short credit history (or perfect one, for that matter) have 18,00k+ limits 
> on their CCs. Surely you are being sarcastic...

I can see that too ...

when we asked our bank (years back), would they refinance $45k they told 
us they'd do anything over 25. So, while they did our 45K they wouldn't
to 18k.

(there are no houses here for 18k. I had to read the post 3 times,
wondering whether there was a 0 missing)