has anyone had any experience with vendor finance in the sense of the vendor of property leaves an amount say 20% or more secured by a second mortgage and they are paid interest has a result for say up to a 12 month period
cheers martin
Yes it is a common form of financing and as long as the vendor can register a 2nd mortgage then you should have no problems.
Main stumbling block is getting the Vendor to agree to the terms in the first place.
Cheers
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
Looking for life cover – We Guarantee to beat any quote you have in writing.Richard Taylor | Australia's leading private lender
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