"The Tammy Fadler Team was a lifesaver for me. "
The Tammy Fadler Team was a lifesaver for me. I was purchasing my first house and did not have any idea of what was required to buy a house. They answered my questions, made appointments and advised me all the way through to my closing. I would highly recommend the Tammy Fadler Team to anyone who is buying a house.
Ethel Grider
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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.
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How many step are there leading to the top of the Eiffel Tower in Paris, France?
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Visitors who walk to the top must go up 1,792 steps. |
 See More Real Estate Trivia > |
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Talk To Tammy 5 Star Team
Signature Properties
209 Main Street
Festus MO 63028
Phone: 636-931-9100
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Email: tammy@talktotammy.com
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