Tagged : Seller Financing Dana Point Homes

Found 1 blog entry tagged as "Seller Financing Dana Point Homes".

May 19

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Seller Financing is a great way to buy a home that doesn't involve a traditional lender.  These are typically hard to come by and more often than not you need to inquire with the property owner if they are willing to finance either a portion of the entire amount of the purchase price.  The first thing to look for is the amount of money the current owner owns on the property.  This way you will be able to figure out the approximate amount they will be able to finance.  For example, if the home is worth $1 million dollars and they owe $200,000 to the mortgage bank then have an approximate $800,000 amount to finance.  These numbers are approximate since sellers often have fee's associated with closing costs, real estate commissions, etc that would be