“Seller essentially becomes your mortgage provider. Because they own the property, you can structure a loan with them to pay them back over time”
BiggerPockets Real Estate Podcast · 6 (Real) Ways to Get a 6% Mortgage Rate in 2027
Play from 24:22
24:22
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
act as the mortgage provider, structuring a loan directly with the buyer
Said nearby on the same subject
“I could take the $100,000 of cash, put it onto my mortgage, therefore it is a $400,000 mortgage. Then I go back to the bank and I say, hey, give me that $100,000 back. And they put it back in my account as a separate loan.”
JP
James Phelan
Australian Finance Podcast ·
How they work$500,000 home loan, $100,000 split, $40,000-$50,000 preferred chunkShare this moment
“Mortgages. I co-own a finance company and we provide specialized halal mortgages. So that's been keeping busy for nearly a decade now.”
“Credit cards, mortgage, second mortgage, third mortgage. Like, my company got to $200 million before I took a loan from the bank.”
♫
Said on Founder's Story
How they work$200 million revenue; multiple mortgagesShare this moment
“Publish it on costpluswellness.com so it can act as an open source for all of these contracts so that any employer can use them and any provider can post their contract.”