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Updated about 12 years ago on . Most recent reply

Bryan H.'s profile image
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Bryan H.
  • Investor
  • from Willow Spring, NC
  • Member since Feb 1, 2013
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Bryan H.'s profile image
Bryan H.'s profile image
Bryan H.
  • Investor
  • from Willow Spring, NC
  • Member since Feb 1, 2013
Connect
Bryan H.
  • Investor
  • Willow Spring, NC
284
Votes |
788
Posts
Buying & Selling Real Estate

land contract amortization

Bryan H.
  • Investor
  • Willow Spring, NC
Posted

Looking at some homes and the seller is offering to sell on land contract. Something like 5 years, 7% with a balloon payment.

Do sellers expect to have the loan amortized like a bank where it's front loaded with interest & very little principle?

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