Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers
What You Need To Know About Land Contract Mortgages
Good morning, Greg Flanagan here. Flanagan Home Team.com, Keller Williams Mount Pleasant, South Carolina.
I’m talking today here about land contracts, a very seldom used product or strategy. What it does is it allows you to purchase a home over twelve months and then get the financing. Of course, you have to have the seller’s approval and get the seller’s buy in. Normally you have to have a downpayment, a significant downpayment, and you have to have the seller willing to wait twelve months to actually transfer the house to your name. Totally do-able. A more midwestern type of stuff, but it can be done here in the Lowcountry.
If you want more information about it, give me a call at 843-952-4444. Or our preferred lender Matt Mieras at (http://www.atlanticbay.com/MattMieras). Get pre-approved through Matt; he’ll help you out there.
This is Greg Flanagan. My phone number again is 843-952-4444. Have a great day!
Greg is a seasoned agent having helped over 250 families sell their current homes and purchase the home of their futures. ....
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