Are you pre-qualified for $195K or more, but can't find the home that is right for you? SELLER OPEN TO HOLDING A 2ND MORTGAGE secured by income from apartment. Read on. QUIET COUNTRY LIVING in caring community with easy access to work & nearby lakes & mountains via I-93. LOW MORTGAGE PAYMENTS due to income producing apt with separate entrance. Currently rented to a wonderful tenant, with a waiting list of 3 desirable tenants. $900/month. Also a separate entry two room suite; ideal for home office, in-law suite. Enjoy beautiful sunsets and woods on spacious deck. Extra large windows bring nature inside. Economic Heating: outdoor wood burning furnace; back up oil. Priced below appraised value. SELLER OPEN TO HOLDING SECOND MORTGAGE, secured by rent from the apartment. For example, if you qualify for a $230K loan. Owner would hold a second mortgage for the remaining $36,900. After about 4 years the second mortgage would be paid off and you would have $900 of unearned income for the rest of your life. Great deal !
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