Mortgage Terminology 101– One of the most frequently asked questions for potential home buyers at the beginning of their process is “What’s the difference between a Mortgage Lender, Mortgage Banker and a Mortgage Broker, and which should I use? I always refer my clients to a mortgage professional for answers, but the article below does… Read More
Carry-Back Mortgage
Not Your Daddy’s Home Selling Tips, #7 – Be The Bank
from ‘Not Your Daddy’s Home Selling Tips‘ on yourValleyProperty.com Be the Bank. Under very specific circumstances it may be in your best interest to consider acting as the mortgagee. This is commonly known as a carry-back. My best advice if you’re considering this would be to talk with a financial consultant and an attorney before… Read More