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Updated over 7 years ago on . Most recent reply

Austin J.'s profile image
Austin J.'s profile image
Austin J.
  • from Canton, Ohio
  • Member since Mar 17, 2017

User Stats

59
Posts
6
Votes
Austin J.'s profile image
Austin J.'s profile image
Austin J.
  • from Canton, Ohio
  • Member since Mar 17, 2017
Austin J.
  • Canton, OH
6
Votes |
59
Posts
Starting Out

What does it mean for an owner to get a second mortgage?

Austin J.
  • Canton, OH
Posted
Trying to buy a small commercial plaza. Asked the owner if he would seller finance any of it, he replied “i would probably take out a second mortgage on it”. How does that work and what does it mean?
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