Updated about 11 years ago on . Most recent reply
Need help understanding
Okay so this is what my seller said
If sale price is $350,000. I will do 25% of purchase as second mortgage on 20 yr. Amort @ 7% with balloon in 3 years. If he wants me to do 20% or less, I will do that the same way but at a 6%.
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I am working on getting financial docs for you