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Updated over 2 years ago,

Andrew Nesbitt's profile image
Andrew Nesbitt's profile image
Andrew Nesbitt
  • from Roseville, CA
  • Member since Oct 23, 2012
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4
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Andrew Nesbitt's profile image
Andrew Nesbitt's profile image
Andrew Nesbitt
  • from Roseville, CA
  • Member since Oct 23, 2012
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Andrew Nesbitt
  • Roseville, CA
4
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11
Posts
Tax Liens & Mortgage Notes

How are 2nd mortgages priced?

Andrew Nesbitt
  • Roseville, CA
Posted

For example.  Lets say you have a $100k house with a $90k first and a $10k 2nd mortgage.  Borrower has an 800 FICO.  The 2nd is at 10% interest only, balloon in 5 years.   How much would a fresh note like that be worth?   How much with 1 year seasoning?

I'm just trying to get a rough idea of how these things are priced.

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