Sometimes called a quiet assumption or Wrap-Around Mortgage, this method allows the purchaser to make your payments for a period of time (usually until new financing can be obtained). There are many benefits to the seller. It is quick and easy and usually generates more cash at closing. One of the biggest benefits for those clients that have had a poor payment history is that back payments are made up and future payments are made on time. An excellent way to rebuild credit.
If you have an idea on how we can help you, let us know what you think. There are many ways to transact an agreement. We can do anything we want - we are our own financiers!
Conventional Financing
When a seller needs to sell quickly, this is the most costly and cumbersome approach. With interest rates at historic lows, appraisals, inspections and mortgage processing time is taking months in some cases to close.