|
Top Real Estate Experts.Accredited Buyers Representatives and Certified Residential Specialists! Call us TODAY! 636-530-7727
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
Barry and Diane Upchurch are some
of The Top Selling Real Estate Experts™
Find Out More > |
|
|
 |
Special Offers From Us To You! Just for you, we've assembled some Special Offers. Choose one or all!  
Financing Your Home >Owner Financing
If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.
Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.
Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.
|
|
| Q |
What four states in the Southwest are noted for having boundaries that touch.
|
| A |
New Mexico, Arizona, Utah and Colorado, referred to as the "Four Corners", have adjoining boundaries. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERTS™ 
