Translate Site

Hutchinson, KS News

Hutchinson News
Local news for Hutchinson, KS continually updated from thousands of sources on the web.

MLS Quick Search

benefits of seller financing PDF Print E-mail

What are the benefits of seller financing?

Seller financing offers tax breaks for sellers and alternative financing for buyers who can't qualify for conventional loans.
If you are a seller, the risks you face are the same as those facing any lender: Is the borrower a good credit risk? Will the Hutchinson Kansas property hold enough value over time to allow for the repayment of all loans made against it?
You should run a full credit check on the borrower, require hazard insurance on the property and include a due-on-sale clause. There also are financing, disclosure and repayment-term requirements that need to be met. It is wise to consult a lawyer when putting together this kind of transaction.



Questions about Hutchinson Kansas Real Estate?

Ask us below or Call us Now at 800-339-8841
First Name*
Last Name*
Email*
Phone
Question / Comments
 
Last Updated ( Tuesday, 29 July 2008 )
 
< Prev   Next >

Payment Estimator

Loan amount: $
Down payment: $
Annual interest rate: %
Term of loan: years

Total interest:
$
Monthly payment:
$