Creating A Mortgage
Is anyone creating mortgages and seeing them to finance their deals? I'm planing on offering 16% interest for 12 months paying only interest payments. I will also pre-pay 6 months at closing and look for deals with an LTV of 65%. My FICO score is 607, do you think I will have a difficult time finding someone to buy the note?
dont quite understand refresh a little more
Are you creating the mortgage as buyer or seller?
td
I'm creating it as a buyer.
Hello,
I'll buy the notes you create simultaneously at closing, just don't expect to get the full face value. There's no need for 16% interest or 6 mos prepayment. I can even show you how to purchase any property you want with no money down private financing. Contact me (look under my profile) and we can go over any options that you might have.
Talk to you soon,
James