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Marigny : Real Estate Advice

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  • Home Buying2
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Activity 2
Wed Feb 6, 2013
Nick Galiano answered:
Hey David,

I'd be more than happy to assist you. Contact me at your convenience at (504) 256-6311 or
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Tue Dec 18, 2012
Kim Kerner answered:
Soft second mortgage, is a second mortgage with payments that are forgiven, deferred, or subsidized in some fashion, generally until resale of the mortgaged property.
Example, a home for sale for $100K, you qualify for $50K, a second mortgage is granted, based on you remaining in the home for a certain number of years, making timely, payments on your first mortgage. At the end of the #of years, your second mortgage is forgiven. You never have to pay on it as long as you have remained in the home. ... more
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