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Updated over 1 year ago on . Most recent reply

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Tyler Ferguson
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10
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Seller Concessions on a Conventional Mortgage possible to use on repairs

Tyler Ferguson
Posted

Hello!

I took a course and one of the main strategies pushed is using seller concessions towards renovations of a property even when using a conventional mortgage.  He wouldn't go into details unless you paid for his 10,000$ course on how this is structured.

Does anyone have thoughts on how to do this?  My understanding is typically seller concessions can only go towards closing costs or buying down the rate.  I am thinking maybe there is an agreement structured for payment after the deal is closed?

Thanks for any input

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