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Protected: Weekly Graduate Call 10-8-2009
Protected: Weekly Real Estate Graduate Call 10-1-2009
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Creative Financing – Wrap-around Mortgage
What is creative financing? Commonly used phrase which involves non-traditional types of funding that are not commonly used. Most of these techniques involve the seller not having to use much or any of their own money. Lease Options Subject2 deals Hard Money loans Seller financing Private loans Wrap-around Mortgages Definition of Wrap-around mortgage A seller financed deal where the sellers existing loan stays in place and a 2nd loan agreement is created between the seller and the new buyer. Example Owner of a property has a $100k existing mortgage at […]
Creative Financing-Subject To (Sub2)
What is creative financing? Commonly used phrase which involves non-traditional types of funding that are not commonly used. Most of these techniques involve the seller not having to use much or any of their own money. • Lease Options • Subject2 deals • Hard Money loans • Seller financing • Private loans • Wrap-around Mortgages Definition of Subject To A real estate transaction where title to the property gets transferred to the new buyer and the new buyer takes over the payments on the existing loan. The seller’s existing loan […]