Tuesday, December 16, 2008
Portfolio Loan
I asked my mortgage gal if I can hold a 2nd mortgage on the condos if someone wanted to purchase and she said yes, they would do a portfolio loan. Esentially she doesn't care where the 20% downpayment comes from as long as they are only funding 80% of the loan. That's cool, now I just need to find me some buyers.... ha, ha. Just writing out that last sentence made me laugh.
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