Is it wise to hold a first mortgage?I

Hello l:

I'm not sure what you mean. If I had, say, $500,000 and didn't need it for 30 years or so, I'd lend it to buyer, and hold his house as collateral. Where else are you going to get 5% on your money these days?

excon

We are going to need a lot more information than that to answer. But as Excon said... in the right circumstances it's a great idea... in others it might not be.