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Updated about 2 hours ago,
Partial Owner Financing Question
I own a home that is too large to rent - no demand. I have a 2.5% interest rate on the balance of the mortgage. We will be moving but I like to owner finance what is left on the mortgage at a higher interest rate because I do not need to pay it off to qualify for our next home. I want to profit off the interest rate and perhaps offer 6% rate on what is left on the mortgage. Is there a way to do that? Thanks!