how rates are set for seller financing

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Will a neighbor problem reduce the value of my Lethbridge property?

While it may not reduce the actual value, a cluttered landscape next door can detract from the positive aspects of your home. Review your local laws, which should be on file at the public library, county law library or City Hall.

A typical "junk vehicle" ordinance, for example, requires any disabled car to either be enclosed or placed behind a fence. And most cities prohibit parking any vehicle on a city street too long. It also may be worthwhile to check into local zoning ordinances.

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Contact Information

Courtney Atkinson

Century 21 Foothills - Atkinson & Associates

204 - 515 7 St S

Lethbridge, AB, T1J 2G8

Cell: 403.795.7777

info@courtneyatkinson.ca

how rates are set for seller financing

How are the rates set for seller financing?

The interest rate on an owner-carried loan is negotiable. Ask your Lethbridge 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 fees. 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 Lethbridge Real Estate?

Ask us below or Call us Now at 403.795.7777