seller financing: Owner Financing May Be A Viable Option When Buying Your Amarillo Home
- 07/17/14 09:24 AM
Pamela Madore Pink House Team The Pamela Madore Group Keller Williams Realty http://myamarillohomes.com 806-340-7630 Owner Financing May Be A Viable Option When Buying Your Amarillo Home There are a number of reasons why you might need owner financing. Some of these include credit issues, recent bankruptcy or foreclosure, self employed and can show no income. I get many questions about how this works so here are some answers. Simply put, the seller acts just like a bank. You have a down payment and then you make monthly payments to the seller. Often the down payment and the interest are higher than if you went to (1 comments)
OWNER FINANCING in Amarillo is a very popular tool to help people get into a house they may be able to through bank financing. Here are a few reasons for using owner financing:
Less than perfect credit Unverifiable income or unusable income Had a bankruptcy within the last 2 years Had a foreclosure or short sale within the last 3 years LESS THAN PERFECT CREDIT can be caused by a number of different things. Recent medical collections can cause credit scores to plummet. Even though everything else may be fine, recent collections won't make it through (0 comments)