Buy a House in Silver Spring, Maryland, with Seller Financing
Seller financing is becoming the wave of the future for buying and investing in real estate. Because lenders are requiring almost-perfect credit scores and big down payments, many buyers are not able to get a mortgage.
However, with seller financing, these same buyers can buy a house with fewer hassles, if they have a decent down payment, roughly 10 percent or more. I have access to a program in which investors will pay cash for properties that these buyers want to own and then those investors will, in turn, provide seller financing for these buyers.
In these cases, the buyer will not have to go through the rigorous process of qualifying for a mortgage. They won't have to put 20 percent down, as is required in many cases. Instead, the buyers can work with me to find a house to their liking. Then the investors will purchase the house and set up a note so the buyer can take title under seller financing. 
Usually, the interest rate is 8 percent on a three-year term. At the end of the term, or at any point during the term, the buyer should have improved his or her credit report so that he or she can refinance the note to a regular 15- or 30-year term, probably at a lower interest rate.
This program is perfect for buyers who do have good income and some savings but don't have a high enough credit score to get a house that they'd prefer to have, such as one that is large enough for their family or is in the neighborhood they want. (There's no credit check with this program, just a background/criminal check.) They wouldn't have to settle on something cheaper or smaller or not where they want to live, or rent for longer than they'd like.
Instead, they have their pick of any house on the market that they like. There's no sense in delaying getting the home buyers really want, when they can have it much easier through this program.
This program can work well for investors looking for additional rental properties, and who can't take on additional mortgages or whose credit lines are depleted.
If you are interested in learning more about this program, please get in touch with me by phone, email or you can contact me through my Web site. Also, you can search for homes just like a realtor can at this Web site.
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