Tag Archives: seller financed

Owner Financing Benefits for Home Buyers – Forte Properties

What are some Owner Financing Benefits for Home Buyers? Find out here or visit our website @ www.GreaterAustinHomes.com About 20% of the houses sold in the US involve some form of Owner Financing. Without a lot of the technical terminology, here are some simple facts in regards to the benefits with Owner Financing for home buyers. If you wish to buy a home but don’t have the credit and cannot afford the down payment, then Owner Financing is an option you may look out for. The biggest benefit to home buyers that comes with owner financing is easy qualification. You may have poor credit because of a divorce or recent bankruptcy. You may be self employed and cannot prove income, or new to your job and cannot meet strict lender guidelines. There are dozens of reasons why a buyer cannot qualify for a conventional bank loan. In this case, Owner financing becomes the perfect solution. Another major benefit for Owner Financed home buyers is not having to pay the costs associated with conventional loans. Points, origination fees, underwriting charges, appraisal, credit reports, title insurance, and the plethora of other fees charged by conventional lenders can amount to thousands of dollars at closing. The buyer is free from these with an Owner Financed home sale. The third and final benefit we are going to discuss in this video is fast closing. A buyer can close and move into an Owner Financed property within days, since there is no third party lender holding up the transaction

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    Owner Financed House In Austin

    Owner Financed House In Austin – www.brickhomepartners.com If you have a steady income and can raise a reasonable down payment, you could EASILY qualify for our Owner Financed home purchase program! We’ve helped families in just about EVERY situation own a new home, with NO BANKS NEEDED. With our streamlined buying process, you can usually be in your Owner Financed home within 14 days — even sooner if you need to move quickly, and get you on the path towards improving YOUR overall credit worthiness! Take Advantage of ALL the Benefits of Home Ownership, Including all the Tax Benefits. 100% of your down payment goes towards the purchase price AND you walk out of closing with the keys, the deed and a mortgage, so… Call us today at 512-456-3657 for more information about our owner finance program and learn more about your new DREAM HOME! youtu.be

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      How Does Owner Financing Work?

      How does owner financing work? www.reimaverick.com Owner financing is becoming increasing popular in today’s economy due to how difficult obtaining a conventional mortgage has become. In order to qualify for most conventional mortgages, a person must have a certain credit score, must have employment for a certain number of years, and must be able to put 20% down on the property. Also, they must hope that the bank comes up with the same appraisal value of the property that everyone else in the equation does, or the loan will fall apart. The fact is, there are so many things that need to go right in order to obtain a loan that many people are turning to an alternative: owner financing. After all, in a free and competitive society, isn’t the ability to create new avenues in order to solve problems the backbone of capitalism? With that in mind, let’s answer the question ‘how does owner financing work?’ How Does Owner Financing Work | Conventional Mortgage Before we discuss owner financing, let’s first explain how a conventional mortgage works. Then we can explain the differences between a conventional mortgage and owner financing. In a conventional mortgage, a seller agrees to sell a house to a buyer for a price. When the sale is complete, the new buyer obtains a ‘deed’ to the house. The buyer goes to a bank to obtain a loan for the purchase, using the house as collateral should the buyer ever default on the loan, and the seller is then paid in full at the time of the

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        Owner Finance – Pros and Cons of Owner Financing As Seller

        Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I’ve got quick video on the pros and cons of owner financing/seller owner financing… Definition: Owner financing is a loan where the seller in a transaction offers the buyer a loan rather than the buyer obtaining one from a bank. It is also called seller financing. Usually the buyer will make some sort of down payment to the seller, and then make installment payments (usually on a monthly basis) over a specified time, at an agreed-upon interest rate, until the loan is fully repaid or until a new loan in put into place to retire the seller loan. Seller financing is an alternative worth considering when: – The buyer has no cash for a down payment sufficient to qualify for conventional financing – The buyer is simply unqualified for conventional financing – The property is one that conventional lenders will not finance – The property has simply been on the market too long with little buyer activity Owner Financing PROS – Terms of deal are flexible and negotiable – Higher sales price – the seller may be in a position to command full list price or higher – Tax breaks – reporting only the income received in each calendar year – Monthly income – payments from a buyer increase the seller’s monthly cash flow – Favorable Returns – Higher interest rate – owner financing can carry a higher rate of interest compared to other investment types – Shorter listing term – Offering owner

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