Carry appropriate types of insurance.

A Heloc is a open end mortgage like a credit card so its an additional trade line on credit, cannto never be used as an Asset, PITI reserve, and its a DTI killer in most cases.A heloc is also usually set up on a shorter term versus a mortgage, carries a Higher interest rate, and most carry a interest only with a prepayment penalty.

Hi,I've been researching seller carry back financing for multifamily, and have talked to a few commercial lenders willing for the seller to carry the down payment for a apartments.

@Carrie K.

Be prepared for things like carrying costs, permits, and any surprise repairs that come up.

That is what it looks like and it is also what Carrie told me when I spoke with her about it.  

In fact, he carried it a couple of steps farther.  

As I matured in my career I have expanded my lender network and product line with the goal of carrying a very wide variety mortgage products at the best rates.

If I recall correctly, both had long-term, seller-carried notes at fixed interest rates.

So, if it's a typical agent listing and the listing agent gets his 3% - on a $600,000 house that would be about $18,000 plus the $50,000 over list, plus carrying costs for 6 months at $2500 per month ($15,000), that comes to something like $83,000 - none of which comes out of his pocket, he says. 30 minutes in at www.youtube.com/watch?