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Contact Information

Joyce C. Jeffrey
Summit Executive Realty
4530 Barksdale Boulevard, Suite E
PO Box: P.O. Box 8341
Bossier City, Louisiana, 71112
Office: 318-747-3117
Cell: 318-208-0470
Lic. #: Licensed in Louisiana USA
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 Shreveport, Louisiana 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 Shreveport, Louisiana Real Estate?

Ask us below or Call us Now at 318-747-3117
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Last Updated ( Thursday, 04 September 2008 )
 
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