Contact

Joe Spies
Messick Realty Group
Vancouver/Portland area, ,
Cell: 360 521 6761
Fax: 360 397 7954
Email Us
Visit Our Site

Private Financing


 
We have certain homes that owners will carry a contract
how rates are set for seller financing | Print |

How are the rates set for seller financing?

The interest rate on an owner-carried loan is negotiable. Ask your Greater Portland/Vancouver agent to check with a lender or mortgage broker to determine the current rate on institutional first (or second) loans.
Seller financing typically costs less than conventional financing because sellers don't charge loan fees (points). Interest rates on an owner-carried loan will also be influenced by current Treasury bill and certificate of deposit rates. Sellers usually aren't willing to carry a loan for a lower return than they would earn if their money was invested elsewhere.
Questions about Greater Portland/Vancouver Real Estate?

Ask us below or Call us Now at 360 521 6761
AddThis Social Bookmark Button
*First Name
*Last Name
*Email
Phone
Question / Comments
     
Last Updated ( Thursday, 04 September 2008 )
 
< Prev   Next >

Syndicate this Site

Get the newest real estate Information from our site delivered right to your desktop!

Just Listed RSS Feed

See the newest properties as soon as we enter them in your favorite feed reader!

Don't worry about missing the right one... we make it easy for you!
RSS
Translate this Site

Payment Estimator

Loan amount: $
Down payment: $
Annual interest rate: %
Term of loan: years
Total interest:
$
Monthly payment:
$
© 2010 BusyAgentPro   Real Estate Websites - Free Real Estate Advice - Real Estate Marketing