Does Seller Carry in 2nd position exist anymore.
Any lenders out there that will lend in 1st position and allow seller to carry balance in 2nd position for 100% financing?
Hi,
Normally not 100% but a lender may allow 10% down with an owner carry 2nd of 15 or 20 percent and place new underlying 1st TD financing for 70 or 75%. Generally most lenders want skin in the game, but the more experience you have and history of success the better chance your lender will jump in and be creative as they want and need your business and good borrowers are good business.
GR