Years ago (like 30)

I used to work for a mortgage company in the Los Angeles area. We made second mortgages. Firsts were going for about 13 – 14% and our seconds were 18 – 21% depending on the borrower’s credit rating. We had one investor (that’s where we got the money to loan) who would save up all

One more note:

since you are paying the mortgage 1/2 out of each check—-make sure you put it somewhere it can’t be touched while waiting for the other check—or that could cause some big problems. I am just mentioning this because I know if my sister were to do this—her and hubby would have issues–as they tend to