2006-09-12 14:16:58 · 5 answers · asked by Matt W 2 in Business & Finance ➔ Renting & Real Estate
LOL. You want a loan you don't have to pay back??? That's called a gift.
2006-09-12 14:22:25 · answer #1 · answered by Bluealt 7 · 0⤊ 0⤋
No. As the person above said, loans that you don't have to pay back aren't loans.
That said, there are some programs out there to take a bite out of buying your first property. Check with your city housing department (or county, if you are buying in unincorporated area)
2006-09-12 16:27:30 · answer #2 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
There are interest-only loans and I have them. But you do have to pay back what you borrow eventually. Even if it is when you sell your house.
2006-09-16 07:43:09 · answer #3 · answered by Original Credit Guru 3 · 0⤊ 0⤋
I've never heard of a loan you don't have to pay back.
2006-09-12 14:20:01 · answer #4 · answered by Lady J 4 · 0⤊ 0⤋
if u r 62 or older u can get a reverse mtg and u don't have to pay it back-and they cannot throw u out of your home ever- your inheritors pay the bill and can keep the balance. if u sell then u have to pay it back...it is great. you can take a lump sum or write out checks.
2006-09-12 14:29:50 · answer #5 · answered by 1leapinglizard 2 · 0⤊ 0⤋