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Updated about 8 years ago on . Most recent reply
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How to set up seller financing?
I may have found a deal with 100% seller financing, but I don't know where to go or what to do to set up seller financing or what rates to accept for that matter
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Step one: use the search and read up on the site. Lots of good stuff on seller financing. Step two: consider the rate you'd pay if you went to a bank and then offer above that. CD's, Money Market, etc. are not offering anywhere near what a mortgage is going for right now, so if you offer a premium it's going to be looked on as a good deal. For instance, if a mortgage is 4.5 % right now and you offer 5-6%, they're not going to find that in many other places right now and you should market it as such. Don't forget to run your numbers at that interest rate though!