Contact Information

Richard
Richard Martin Realty
1920 E. Rochelle Rd
Palm Springs, Ca, 92262
Office: 760-416-7777
Cell: 760-578-8472
Email Me
Lic. #: 01212139
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Palm Springs Houses Under $500,000
                                 Over $500,000
Palm Springs Condos Under $250,000
                                 Over $250,000
Palm Springs Luxury $800k to 1.2m
                                 $1.2M to 2.0M
                                 $2.0M PLUS

how rates are set for seller financing | Print |

How are the rates set for seller financing?

The interest rate on an owner-carried loan is negotiable. Ask your Palm Springs, California agent to check with a lender or mortgage broker to determine the current rate on institutional first (or second) loans.
Seller financing typically costs less than conventional financing because sellers don't charge loan fees (points). Interest rates on an owner-carried loan will also be influenced by current Treasury bill and certificate of deposit rates. Sellers usually aren't willing to carry a loan for a lower return than they would earn if their money was invested elsewhere.
Questions about Palm Springs, California Real Estate?

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Last Updated ( Thursday, 04 September 2008 )
 
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