homeowners: What Is Seller Financing and Is It Good For Me?
- 09/17/11 09:52 AM
Seller financing can be a win-win situation for both the buyer and seller in a real-estate transaction. As long as the contract is legal and both sides honor their obligations, both parties will find that seller financing is much less costly than traditional financing methods. In most cases, there is no need for a traditional closing, unless the buyer is using proceeds from a mortgage loan to cover some of the home’s purchase price in addition to the seller financing. The Seller For the seller, offering seller financing is a great way to attract buyers when the market is slow and … (0 comments)
homeowners: Tips for the Single Buyer
- 07/19/11 06:52 AM
Buying your first home can be a little intimidating...especially when you are doing it alone. Who said you can't do it alone, anyway? These days, more and more single people are heading into the home-owner's market. In fact, according to the National Association of Realtors, single buyers consist of up to 32 percent of home buyers. So, congratulations to you! You are taking a very important step, however, there are a few extra things to consider during the home buying process. The following information is provided by the Smart Borrower Center. Putting the "single" in single family homes When deciding what … (4 comments)
homeowners: What are the Loan Modification Programs Available?
- 07/03/11 10:18 AM
“We pick politicians by how they look on TV, and Miss America on where she stands on the issues.” This ironic statement made by Jay Leno goes to show that every program comes with strange quirks, even loan modification programs. Because loan modification programs are just now becoming mainstream, there is not much in standardization. We can serve as your loan modification counselors to ensure you understand and choose the best one for your situation. These brief explanations will help you become familiar with some of the options for loan modification: The White House/Treasury Program: Under the direction of the US … (0 comments)
Seller financing can be a win-win situation for both the buyer and seller in a real-estate transaction. As long as the contract is legal and both sides honor their obligations, both parties will find that seller financing is much less costly than traditional financing methods.
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