interest rates to help you! Owner financing real estate?
The owner is willing to 100% to $ 200,000 Immobilienfinanzierung.Wenn he refinanced at 6% (ideally) its payment obligations would be approximately $ 1,200 month.Now can say is that he invites me up 6 % on the loan (interest in it) means I owe him $ 2400 monthly? (1,200 and 1,200 in the interest of his mortgage payment)? 6% would be a fair price for her? or modifies the rate usually less in this type of transaction (eg less than 6%) any help would be appreciated.I want to know the details before I wide of such an agreement, and / or contact a lawyer specializing in real estate to draw some for us all.