Posted by Randy on September 14, 2003 at 13:08:09:
If you?re saying you selling the property for $140k offering ?owner financing? requiring $25k down I think you negate any advantage of seller financing. That?s 17.8% down. Very secure for you but honestly anyone having $25k to put down probably could get financing anywhere?
Consider 5% down and 20% 2nd (you carry) with a new 75% 1st now you have a much larger pool of perspective buyers with smaller down payment money available and lower credit scores will qualify for 75% LTV on the 1st.