Bill Fairman from Carolina Hard Money talks with Larry about how you can do seller financing on a property that already has a mortgage.
- What do you need to look at to offer seller financing?
- Why does the borrower need the “ability to pay”?
- Does the borrower have the ability/funds to complete the closing?
- And most importantly, is the borrower willing to make the mortgage payment?
Why is the character of your buyer so important in qualifying them? And what are you looking for on a credit report?
Find out all the answers on this quick hit segment from Invest in Yourself.