We are qualified for a conventional loan but were offered seller financing and would appreciate some independent input from the community.Conventional loan: 25% down, 6% interest, 30 year, 3.675 points, PITI ~1420Seller Financing: 25% down, 4.95% APR, 25 year amortization with a balloon payment July2026, no points, PITI ~1420The numbers favor seller financing but we'd love input on questions to ask, factors to consider, and any other nuances with seller financing we may not be seeing.Thank you!

Penfed just discontinued theirs on apr 8th. 

Lenders are required to give an APR, however, they all calculate it slightly different so it's a perfect way to compare.

Penfed just discontinued theirs on apr 8th.

ok I have 2 questions #1-what is the difference in a pre-foreclosure property and a bankruptcy property #2 I am paying 39 dollars to know when new pre-foreclosure houses come on the market in Beggerpockets, but I noticed that it does not give you the number where you can contact the owner or the person in charge of that property ,Can someone advise me how to get that information?

Last unit has long term tenant at $600/monthMonthly mortgage: $760 (including tax/insurance) APR. 2.97%Total expenses: $650 (utilities + Cap Ex + Vacancy)Net Cashflow: $1,590/moWhat made you interested in investing in this type of deal?

IE 5% APR on a 200k loan over 15 years. 

Occasionally you will find a portfolio lender(Typically small community Bank) with 0 seasoning requirement but you will most likely have to have a pre-existing relationship with them. 

And yes most lenders are not licensed nationally, I am however, so this is always a thought in mind when I send someone a pre-approval.As a lender we listen to what payment you personally are comfortable with, as well as how much cash down you have. 

I second the idea about Google Form for a pre-screening and that is what I do.