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Updated 4 months ago on . Most recent reply

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2
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1
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Aaron Gonzalez
  • Real Estate Agent
  • Devine, TX
1
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2
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Seller Financing with a Wrap Mortgage

Aaron Gonzalez
  • Real Estate Agent
  • Devine, TX
Posted

I have a property I'm considering seller financing with a wrap mortgage to a buyer, I'm currently refinancing the home and have the option to not escrow the taxes and insurance, which lowers the payment about 700/ month on the 1st position mortgage, BUT would escrow the T&I on the wrap mortgage. 

has anyone structured it that way what would be the pros and cons to structuring it this way? 

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