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  • I am also looking at investing in 1st or 2nd mortgages. Just curious what sort of rate and terms are you looking at? How much was the mortgage. I have a deal on the table for a 2nd mortgage $65k, 10% interest only $4000 upfront fee. $2000 to me $2000 to the mortgage broker for putting the deal together. Borrower pays appraisal and lawyer fees.
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