While dealing with real estate scenario, we often select mortgage option for our ease. There are available many kinds of mortgage options and you can select any one of them, as per your requirement. Below I have discussed about purchase money mortgage. Talking technically, any mortgage on real estate property which is executed to secure the purchase money from the buyer is
considered as a Purchase Money Mortgage. As per the requirement, this mortgage can be a single-financed debt, or can be used to fill a gap between the buyers down payment and the new first mortgage.
Benefits from the sellers perspective:
In this stressful market, where you can't rely on for perfect result without making the things work according to your requirement, you have to make sure that things go all right. Thus the seller financing will be more attractive to buyer, which will further results in quicker sale. With fast transaction, your work will be accomplished soon. Also for your information let me tell you that the interest rates will provide a great yearly return to you. You may be able to defer income tax liability. So, all in all its a better option to opt the mortgage option while dealing with the estate matters.
Don't worry if you are a buyer, there are many benefits from the buyers perspective too, below enlisted are a few:
With the mortgage option you can easily go for the flexible payment options. Closing costs for the same are generally quite low. The down payment required is usually smaller. Above that you will have a legal title to the property.
Isn't this option great? If you are looking for a genuine realtor in California then you may contact Jordan Cohen Realtor. Successful transaction can be done by the qualified realtor only.
considered as a Purchase Money Mortgage. As per the requirement, this mortgage can be a single-financed debt, or can be used to fill a gap between the buyers down payment and the new first mortgage.
Benefits from the sellers perspective:
In this stressful market, where you can't rely on for perfect result without making the things work according to your requirement, you have to make sure that things go all right. Thus the seller financing will be more attractive to buyer, which will further results in quicker sale. With fast transaction, your work will be accomplished soon. Also for your information let me tell you that the interest rates will provide a great yearly return to you. You may be able to defer income tax liability. So, all in all its a better option to opt the mortgage option while dealing with the estate matters.
Don't worry if you are a buyer, there are many benefits from the buyers perspective too, below enlisted are a few:
With the mortgage option you can easily go for the flexible payment options. Closing costs for the same are generally quite low. The down payment required is usually smaller. Above that you will have a legal title to the property.
Isn't this option great? If you are looking for a genuine realtor in California then you may contact Jordan Cohen Realtor. Successful transaction can be done by the qualified realtor only.
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