Updated over 2 years ago on . Most recent reply
Disadvantages of “soft second” mortgage?
Hello all, I believe I qualify for a “soft second” loan (A Soft Second Loan of 20% of the purchase price up to $55,000. Up to $5,000 for Closing Costs for a total of up to $60,000.)
Anyone have personal experience with this type of funding? Seems almost too good to be true…. looking for any downsides and/or wondering if I’m missing anything.