What is a seller carryback mortgage?
Seller carry back mortgage is the term used to describe a real estate transaction where a property seller provides financing to a buyer. Many property owners are willing to carry-back the mortgage note in order to facilitate the sale. In fact, carry back real estate mortgages are quickly becoming a trend in the cash flow industry.
Typically, seller carry back mortgages offer both a safe and solid return on investment. Many Baby Boomers are jumping on the carry-back bandwagon to expand their retirement portfolios. This relatively risk-free investment can provide a steady cash flow for many years to come.
What do a seller carryback mortgage?
- It’s quick
- It’s easy
- It’s 100% secure
- And you could receive cash in days