Updated about 3 years ago on . Most recent reply
Selling my 2 family with assumable mortgage
Ok BP mortgage people, I have a buyer for my 2 family, the mortgage is assumable at 5% with a balance of $114k with 18 yrs left on it. I am asking $289k...my question is, how does the buyer make up the balance ? Is there banks out there that would lend in 2nd position for the balance of my asking price of $175k.