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Updated about 8 years ago on . Most recent reply

Rodney Ford's profile image
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Rodney Ford
  • Professional
  • from Austin, Texas
  • Member since Aug 24, 2016

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Rodney Ford's profile image
Rodney Ford's profile image
Rodney Ford
  • Professional
  • from Austin, Texas
  • Member since Aug 24, 2016
Rodney Ford
  • Professional
  • Austin, TX
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Buying & Selling Real Estate

Owner Finance With Existing Mortgage in Alabama

Rodney Ford
  • Professional
  • Austin, TX
Posted

I"m preparing to owner finance a home in Alabama. It has an existing mortgage.  I want to ask for 15%-20% down, cover the mortgage, set interest rate at 7% for 15 or 20 years with no prepayment penalty. Can wrap arounds be done in Alabama or that's not the best approach?

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