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View Full Version : Should I hold my mortgage for a potential buyer?


Jbow12
Aug 14, 2012, 03:28 PM
My home is for sale and I have received an offer from a potential buyer, to hold the mortgage for a 2 yr. period. An arrangement would be made regarding down payment and interest rate. Would this be worth considering? My home is listed over $400,000.

ScottGem
Aug 14, 2012, 03:34 PM
If you don't need the money right away, this may be an option. But I would make sure any agreement is drawn upo by your attorney.