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    debbiedeb78's Avatar
    debbiedeb78 Posts: 1, Reputation: 1
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    #1

    Mar 31, 2014, 09:39 AM
    Land contract and purchasing a new mortgage
    If I have a land contract on a condo does it help my financial situation to record it or will it complicate closing on a new home loan?
    ScottGem's Avatar
    ScottGem Posts: 64,970, Reputation: 6056
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    #2

    Mar 31, 2014, 12:18 PM
    If you are purchasing a condo on sales contract, it protects your interest in the condo. If you are now trying to get financing to purchase another home, it may help if you can show a good payment record on the contract.

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