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Updated over 2 years ago on . Most recent reply

Gregg Fratto's profile image
Gregg Fratto's profile image
Gregg Fratto
  • Member since Aug 9, 2019
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28
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3
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Gregg Fratto's profile image
Gregg Fratto's profile image
Gregg Fratto
  • Member since Aug 9, 2019
Connect
Gregg Fratto
3
Votes |
28
Posts
Private Lending & Conventional Mortgage Advice

Selling my 2 family with assumable mortgage

Gregg Fratto
Posted

Ok BP mortgage people, I have a buyer for my 2 family, the mortgage is assumable at 5% with a balance of $114k with 18 yrs left on it. I am asking $289k...my question is, how does the buyer make up the balance ? Is there banks out there that would lend in 2nd position for the balance of my asking price of $175k.

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