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What are some Owner Financing Benefits for Home Buyers? Find out here or visit our website @ http://www.GreaterAustinHomes.com
About 20% of the houses sold in the U.S. involve some form of Owner Financing.
Without a lot of the technical terminology, here are some simple facts in regards to the
benefits with Owner Financing for home buyers.
If you wish to buy a home but don’t have the credit and cannot afford the down payment,
then Owner Financing is an option you may look out for.
The biggest benefit to home buyers that comes with owner financing is easy qualification.
You may have poor credit because of a divorce or recent bankruptcy. You may be self employed and cannot prove income, or new to your job and cannot meet strict lender
guidelines. There are dozens of reasons why a buyer cannot qualify for a conventional
bank loan. In this case, Owner financing becomes the perfect solution.
Another major benefit for Owner Financed home buyers is not having to pay the costs
associated with conventional loans. Points, origination fees, underwriting charges,
appraisal, credit reports, title insurance, and the plethora of other fees charged by
conventional lenders can amount to thousands of dollars at closing. The buyer is free
from these with an Owner Financed home sale.
The third and final benefit we are going to discuss in this video is fast closing. A buyer
can close and move into an Owner Financed property within days, since there is no third
party lender holding up the transaction.
There are a lot of families who want to purchase a home; Unfortunately, the ongoing
credit crunch makes being approved for a traditional mortgage loan daunting at best. If
you are self employed or on fixed income, or have had a bankruptcy or past foreclosure,
you can qualify for our easy Owner Finance program.
If you’re a home buyer looking to purchase an Owner Financed home in the greater
Austin area, give the Owner Financing experts at Forte Properties a call today! You can
reach us at 512-981-6865, 7 days a week. Or, visit the link in the description below to
visit our highly informational Austin real estate and Owner Finance website.
Thank you for checking out our video and we look forward to hearing from you soon!
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Owner Financing Benefits for Home Buyers - Forte Properties
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