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What is better for a 1st time home buyer, Mortgage or Owner Finance?

home mortgage
cocoa asked:


I found a home I really like but its $97000 and my income is $1600 per month. They can give me either option to finance myself or mortgage. I want a mortgage because I would like to have everything escrowed and then refinance after 2 years. My credit score is 561 and maybe I can get a better interest after 2 yrs. What would be my best option?

Susan

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