A: My potential buyer has asked me to carry part of his loan. B: The decision to carry part of a loan might be advantageous to you or problematic. A: Why would I ever want to carry a note on a house? B: It is a type of investment that can offer a fairly steady return over a set period of time. A: Why is my buyer requesting that I carry part of his loan? B: Oftentimes buyers are well able to afford the home but unable to qualify for a loan. A: Are there any risks in carrying a second mortgage? B: You are basically betting on the fact that the home is not going to drastically fall in price. This could leave you with a house that is not worth much. A: Will I be financing this loan for a set period of time? B: That is entirely up to you and the buyer.
