Seller Financing for Home Mortgages West Lafayette IN

Tight mortgage money makes seller-financing, not a silver bullet to shoot down stiff underwriting standards, but an option to consider in a tight mortgage market. If you can't find a bank to approve your home loan, ask the seller to consider being your mortgage lender.

Local Companies

Pefcu Mortgage Svcs
(765) 497-8800
1551 Win Hentschel Blvd
West Lafayette, IN
Heritage Community Bank
(812) 427-2323
102 W Main St
Vevay, IN
Hardie Raymond
(317) 208-2957
10333 N Meridian St
Indianapolis, IN
Ascot Financial Services
(317) 566-0906
50 E 91st St
Indianapolis, IN
A G I Mortgage
(317) 859-8550
Greenwood, IN
Td Stout Preservation
(317) 685-9158
217 S Belmont Ave
Indianapolis, IN
Realty Group Mortgage
(317) 595-6192
8390 E 116th St
Fishers, IN
United Financial Services
(812) 385-4861
1501 W Broadway St
Princeton, IN
Horizon Mortgage Services
(765) 675-9680
116 E Jefferson St
Tipton, IN
Peoples State Bank
(812) 876-6060
Ellettsville, IN

provided by:http://www.deadlinenews.com/

Tight mortgage money makes seller-financing, not a silver bullet to shoot down stiff underwriting standards, but an option to consider in a tight mortgage market.

by Broderick Perkins
© 2008 DeadlineNews.Com

Deadline Newsroom - If you can't find a bank to approve your home loan, ask the seller to consider being your mortgage lender.

Only a fraction of sellers are willing to take on the role of financier, but that fraction is likely larger than it was a few years ago when lenders had plenty money to lend.

That's because today's home buyers are having a tough time finding mortgage money and sellers are having a tough time finding buyers.

Seller financing isn't an option for every transaction, but it can be a win-win situation for those who can strike a deal, says Greg Winfield, who runs the web listing service OwnerWillCarry.com.

Winfield says seller financed mortgages can come in a variety of formats with all terms negotiable between the buyer and seller.

The best seller-financing comes with properties that are mortgage free and clear. The seller simply accepts a note -- a legally binding loan contract -- from a qualifying buyer. ...

Click to read this article from Deadline News

Featured Local Company

Charter One Mortgage Loan Officers

317-208-2957
10333 N Meridian St
Indianapolis, IN