If you’re having trouble qualifying for a traditional mortgage, there may be another financing option available. A wraparound mortgage is a form of seller financing that’s designed to benefit both parties in the purchase.
Buyers may have a better chance at qualifying for a home loan, and sellers can profit. However, both the buyer and seller should understand the benefits and drawbacks of this financial arrangement.
Northwest of the notoriously pricey Big Apple, there are two cities among the most reasonably priced in the nation. In this year’s “Demographia International Housing Affordability” report, the upstate cities of Rochester and Buffalo ranked […]
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Amid one of the most challenging mortgage markets since the great financial crisis, Finance of America Mortgage LLC (FAM)will shut down by the end of the year following its decision to exit the wholesale channel […]
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