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Some Second Mortgage Strategies for Your Backup Plan (4)

21 August 2012

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It is obviously less appealing to the investor than a simple second mortgage or trust deed on the seller’s equity, but it may be a good alternative if the seller rejects such an approach. These second mortgage strategies not only reduce the investor’s cash requirement but also transfer part of the risk from the buyer [...]

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Some Second Mortgage Strategies for Your Backup Plan (3)

17 August 2012

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In most cases, the buyer pays the seller the full mortgage payment, and the seller continues to make the payments on the first mortgage. The wraparound mortgage is at an interest rate higher than that of the first mortgage.

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Some Second Mortgage Strategies for Your Backup Plan (2)

13 August 2012

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A third possibility is to raise the funds needed for the down payment from a third party, rather than from the seller. This approach may be appropriate if the seller needs cash for equity and refuses to participate in second mortgage financing under either of the preceding approaches.

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Some Second Mortgage Strategies for Your Backup Plan

9 August 2012

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Mortgage Strategies, Backup Plan Second-position mortgages represent an effective technique for minimizing the investor’s equity investment.

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