Contact Information
Mel Byrd Copper Rose Realty 6601 E. 22nd Street Tucson, AZ, 85710
Office: 520-250-7437 Cell: 520-250-7437
Buyer Resources
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how rates are set for seller financing |
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How are the rates set for seller financing?
The interest rate on an owner-carried loan is negotiable. Ask your Tucson East Arizona 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.
Questions about Tucson East Arizona Real Estate?
Ask us below or Call us Now at 520.250.7437
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Last Updated ( Thursday, 04 September 2008 )
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