how rates are set for seller financing

Palm Beach Post Real Estate

Builder GL Homes showing new models west of Delray Beach
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3.8 percent tax on home sales affects only people with high incomes who make large profits
An email circulating on the Internet claims anyone who sells a house after 2012 will be hit with a new 3.8 percent sales tax, thanks to an obscure clause in the Patient Protection and Affordable Care Act.

Sun Sentinel Real Estate

Citizens removes insurance discounts on 100,000 homes
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Ask a real estate pro: Bank of Mom and Dad should set lending rules
Board-certified real estate attorney Gary M. Singer writes about the housing market in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, click here .

Palm Beach Foreclosures

how rates are set for seller financing

How are the rates set for seller financing?

The interest rate on an owner-carried loan is negotiable. Ask your Boca Raton FL agent to check with a lender or mortgage broker to determine the current rate on institutional first (or second) loans.
Seller financing typically costs less than conventional financing because sellers don't charge loan fees (points). Interest rates on an owner-carried loan will also be influenced by current Treasury bill and certificate of deposit rates. Sellers usually aren't willing to carry a loan for a lower return than they would earn if their money was invested elsewhere.

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Palm Beach Entertainment

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