Paying out vendor financing

Often borrowers will purchase a property and not have enough down payment or may not be able to qualify for a mortgage at the time of purchase. A vendor looking to sell a property may offer a mortgage to the purchaser to help them purchase the property. For example, a property is being sold byContinue reading “Paying out vendor financing”

CASE STUDY: Construction complete on an infill

A small home builder approached us to replace the financing that he used to construct two infill properties that are now listed for sale. The construction mortgages were interest only payments and open for repayment at anytime without penalty. The properties are going to be listed for sale and given the amount of equity theContinue reading “CASE STUDY: Construction complete on an infill”