Morby? Down payment question.... · Transactional Funding Hub

Morby? Down payment question....

Hi all, I need a little help here. So I had a call today where the person is trying to get a property for 167k. There is a stack going on and he needs to give the seller 15k cash to close the deal at the end.

The 1st position is a mortgage with the bank for 132k but he is taking over these payments from the seller, then the seller carry second position is 20k, but he called needing 15k to close it since the sellers want that cash in their pocket to close the deal. This may be a PML deal, but I am new to all of this and just want to ask before I refer him off. Thank you all.

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