Things To Do In Bend, Redmond and La Pine!
Request our Free Bend, Redmond and La Pine Relocation Package. It's packed full of useful and important information about the Bend, Redmond and La Pine, Oregon area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out... There is a good reason that Central Oregon is known as the ?Destination Resort Capitol of the Pacific Northwest,? ? See the following web site for complete information on all the fun things to in Central Oregon and plenty of other information on the whole area:
Financing Your Home >Owner Financing
If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.
Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.
Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.
|
 |
| Q |
Fewer than 2 percent of homeowners build this type of home:
|
| A |
Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu. |
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERT™ 
