- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Owner financing
Posted on 9/30/14 at 10:39 pm to geauxtigers8482
Posted on 9/30/14 at 10:39 pm to geauxtigers8482
Why would you keep a mortgage and then loan someone else the money? I'm confused. I don't see how this would work for you. Seems like you would have to have a second behind the bank and I doubt they would like that.
1
Posted on 9/30/14 at 10:52 pm to bryso
Owner financing can command a higher sales price. If the market under traditional financing doesn't support the requested price, owner financing might. Becasuse people who need owner financing have few options, they are willing to pay more. Plus you can charge a higher rate of interest, etc.
The bank wouldn't care if the bond for deed was a second. And, I don't think it's possible to go prime over the mortgage. But, the bank's concern is that the whole situation may mean at some point, the mortgagee stops paying the mortgage. usually because the bond for deed / owner financing blows up.
The bank wouldn't care if the bond for deed was a second. And, I don't think it's possible to go prime over the mortgage. But, the bank's concern is that the whole situation may mean at some point, the mortgagee stops paying the mortgage. usually because the bond for deed / owner financing blows up.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News