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  • 5 years ago

Need Formaula help for Discounting a Partially Amortized Loan: I am as seller, unable to sell my waterfront cottage, will consider an STB for $180,000 at 6% amortized over 25 years. I feel this strategy will make my property more saleable and attract potential buyers. Financing through traditional sources is extremely difficult given the property’s distant location, unique design, age, lack of services and limited market appeal. I plan to sell the mortgage prior to closing, but needs a cost estimate concerning the discount. A local mortgage broker advises me that a private investor knowledgeab

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