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Updated almost 7 years ago,

Sonu Sharma's profile image
Sonu Sharma's profile image
Sonu Sharma
  • Investor
  • from Frisco, Texas
  • Member since Jun 30, 2016
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User Stats

93
Posts
23
Votes
Sonu Sharma's profile image
Sonu Sharma's profile image
Sonu Sharma
  • Investor
  • from Frisco, Texas
  • Member since Jun 30, 2016
Connect
Sonu Sharma
  • Investor
  • Frisco, TX
23
Votes |
93
Posts
Buying & Selling Real Estate

Fair interest rate for owner financed loan in TX

Sonu Sharma
  • Investor
  • Frisco, TX
Posted
Can anyone please let me know a fair interest rate that can be charged on an owner financed loan to a buyer in TX ? I remember that there is a formula used to calculate the max rate but I wanted to know what people generally charge in TX for an owner financed note. Also would like to know the length of the loan you recommend for such a loan - details below. Details: Sale price : 103k Cash down : 70k Owner finance : 33k @ WHAT rate ??? Terms : 5 or 10 year note ???
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