Finance Down Payment or 2nd mortgage - Posted by Rebecca B

Posted by Rebecca B on March 13, 2000 at 12:15:49:

Which is better - seller finance the down payment; or take a second mortgage? I was thinking about asking the seller to finance the down payment (15%); I actually only need 10% for the down payment, but then maybe I could get back 5% at close.

I don’t feel that comfortable about a seller 2nd mortgage. Most realtors are not giving me any estimates on the current mortgage. Any advice?

Rebecca B