For example, you wouldn't be able to: (1) take out a mortgage on the property; or (2) sell the property at its market value. 

Forget what you are giving them, a mortgage, a deed of trust, a land contract...

I get a really great deal on it and the rent from the 2nd unit covered most of the mortgage.

Hello I am an owner of two properties one in boulder CO and one in Orlando FL and have paid off the mortgages.

A conventional mortgage doesn't allow for borrowed money unless it comes from a HELOC or 401k.   

Never send money in advance for their fee's  NEVER. thats a huge red flag that they are just out for fees and are fake lenders.2. bad or not really good written english .. on the phone they sound like they are off shore ( which they are ).3. rates  lower than market most of the fake lenders will advertise 5% rate that does not exist.4. insisting you pay for mortgage insurance  there is NO mortgage insurance on PML HML loans does not exist.While NMLS registered and state licensed is a good way to vet a lender keep in mind only 12 states require it.

Inching closer to the 7% mark, the 30-year fixed-rate mortgage has climbed to 6.90%, up from 6.77% last week and notably higher than the 6.50% recorded a year ago, according to Freddie Mac data.After a period of smaller rate movements offering some relief to homebuyers, recent signals from the Federal Reserve hinting at delayed rate cuts have sparked an upward trend.Sam Khater, Chief Economist at Freddie Mac, emphasizes that strong economic and inflation data are driving this shift.

1. a mortgage company won't risk sponsoring unknown person without license in this market.

You probably need a mortgage lending license@Chris Mason@Jay HinrichsGoogle your state statutes on mortgage lending.

The mortgage payment will be 3.5K.