Blanket Mortgage
Your Role: Banker
Our Role: Loan Servicing Agent
Major Benefit: Create a Stream of Passive Income, Avoid Expensive Transaction Costs
The Basic Idea: You receive a down payment and create a mortgage for the buyer (sometimes us) for an loan amount and interest rate higher than your current mortgage. Doing so avoids all of the transaction costs involved in a typical sale and capitalizes on continuing to use previous low interest rates if rates have risen.
Contact management@DeltaREP.com for more information.