How Creative Financing Works?
Certainly! When you purchase a property and set your own terms, you have the flexibility to customize various aspects of the financing arrangement. Here's a breakdown of the terms you can set:
- Down Payment: The down payment is the initial amount you pay upfront when buying the property. It's usually a percentage of the property's total value. Common down payment percentages range from 5% to 20% or more.
- Interest Rates: The interest rate is the cost of borrowing money. It's typically expressed as an annual percentage rate (APR). You can negotiate with seller to determine the interest rate that will be applied to your loan. Factors such as, market conditions, and the overall economic climate can influence the interest rate.
- Monthly Payment: The monthly payment is the amount you pay each month to cover the loan repayment. It includes both principal and interest.
- Length of Term: The length of the loan term, often expressed in years, determines the time it takes to repay the loan. Common Sellers terms are 2, 5, or 30 years, but you can negotiate a different term based on your financial goals and capacity to make monthly payments.
When setting these terms, it's essential to consider your financial situation, long-term goals, and the overall real estate market conditions. It's also advisable to consult with financial advisors or Real Estate Attorney to ensure that the terms you set align with your financial objectives and are reasonable within the market context. Additionally, keep in mind that property transactions involve legal processes, so it's crucial to work with professionals such as real estate agents, lawyers.
You tell us what you want & we find you the deal!
You provide us with your detailed preferences for a home, and we will diligently locate a property that aligns with your criteria. Once we identify the ideal home for you, our team of Real Estate Experts will assist in tailoring the financing terms to suit your needs. This includes carefully structuring the down payment, determining the appropriate interest rate, and establishing the optimal length for the loan. We are committed to ensuring a seamless and customized experience as you navigate the process of acquiring your new home.
Over 150 Creative Financing Deals |
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Meet The Team
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Acquisition Manager
Jason Griggs, a distinguished Real Estate Investor, boasting a portfolio over 30 properties in Henderson, NV. and across the United States. Specializing in short term & mid term rentals generating over $20,000.00 monthly. His expertise lies in finding properties & negotiating through creative financing. |