Thursday, 08th January 2009

   home     about     authors     news     books     xml feed     sitemap     privacy     contact us

There are 4 users online

add to favorites
make home page


Mortgages
Agents and Brokers
Commercial Real Estate
General
Home Buyers
Home Furnishings / Interiors
Home Owners
Home Related Services
International Real Estate
Local Real Estate News
Property Maintenance
Property Sellers
Real Estate Education
Real Estate Industry
Real Estate Investing
Real Estate Law
Rental and Income Property
Retirement-Senior Housing

Our Newsletter



Subscribe
Unsubscribe
  Voting Poll

If you had $20,000 to spend, which room would you do a makeover on?
Bathroom
Family Room
Kitchen
Living Room
Master Bedroom
Other Bedroom
Outdoor Kitchen


  Other Resources


For other sources of real-estate news, tips, and information, visit our resources page

 

  Submit an Article


Would you like to have your article posted? Click Here
 

 
 
 

Mortgage Lenders Plus.com Asks: Should Home Buyers be Financing with Mortgage Relics?
Added: 10/03/2006
Type: Summary
Viewed: 244 time(s)
[ Not Rated Yet ]

How would you rate this article:    Bad Good   Go » 
Mortgage Lenders Plus.com Asks: Should Home Buyers be Financing with Mortgage Relics?

 Mortgage Lenders Plus.com announces a new mortgage financing column that targets the age-old question: How do home owners sell in a buyers' market without lowering the price? With home sale inventories at levels not seen since the mid-1990s, many owners are turning to a trusted marketing tool -- the owner take-back. To get the best possible prices, these owners are financing part of the transaction, even for buyers with weak credit.

An owner take-back may have been a great way to hold the line on sale prices in the past
"An owner take-back may have been a great way to hold the line on sale prices in the past," says Peter G. Miller, author of "The Common-Sense Mortgage" and a columnist syndicated in more than 80 newspapers. "But with so much mortgage financing available with little or nothing down, owner take-backs are unnecessary relics and inappropriate for most buyers today."

Miller says buyers need to ask: "Do I need a loan from the seller to make this deal work? Or, am I better off getting financing from a regular mortgage lender and then holding out for the lowest possible purchase price?"

In his latest column for Mortgage Lenders Plus.com, Miller says buyers should check seller financing offers for such matters as the interest rate, the length of the loan, balloon payments, how the loan can be paid off, rules for late payments and "gotcha" clauses -- hidden terms that can turn dream financing into a disaster.

About Mortgage Lenders Plus.com:
Established in 2000, Mortgage Lenders Plus.com provides a unique online destination for borrowers seeking information about mortgage financing or re-financing real estate. Loan requests worth nearly $10 billion have been processed on the site, and that number grows each day. The company is not a mortgage lender, broker or escrow agent; instead it provides an unequaled marketplace where you can match your needs and wants with nearly 200 competing
mortgage lenders.

Article Pages:  1  




  Article Comments   Add Comment | View All (0)
    There are currently no comments for this article.


Advanced Search
Recent News

Good Resources


Mortgage Lenders Plus.com Asks: Should Home Buyers be Financing with Mortgage Relics? :: Real-Estate-Informant.com is proud to be affiliated with the following quality web sites:

#1 Online Nursery

Decorative Concrete

Las Vegas Real Estate

Latest Mortgage Rates and Info

Roofing Contractors

San Diego Real Estate

Sarasota Real Estate

Southwest Orlando Real Estate

Virginia Real Estate


Affiliate With Us
 


All content © 2009 Webmaster, Mortgage Lenders Plus.com Asks: Should Home Buyers be Financing with Mortgage Relics? :: Real-Estate-Informant.com.