5 years from now, can I collect the outstanding principal on the loan? Yes! Skelly Agency is connected to the mortgage brokerage industry. We will assist in the…skellyagency1January 5, 2023
What is the catch to Seller Financing? In Seller Financing, the catch is that the Seller does not receive the lump sum…skellyagency1December 17, 2022
How does a Seller collect the monthly payments? Skelly Agency will teach you how to set up the collections and will refer a…skellyagency1December 17, 2022
Is it true that a Buyer could receive a loan UNDER the current market interest rates? Yes! The interest rate is not tied to the federal benchmark rate.skellyagency1December 17, 2022
Is it true that a Seller will collect more money from the transaction than with Traditional Financing? Yes! In fact, the Seller will collect over 50% more money on a Seller Financing…skellyagency1December 17, 2022
Does a Seller pay Capital Gains tax with Seller Financing? No, the Seller will not pay capital gains tax on the sale of their home…skellyagency1December 17, 2022
What happens if the Buyer does not pay the mortgage? The Mortgage Deed will outline the consequences of a Buyer not paying the Promissory Note.…skellyagency1December 17, 2022
Is Seller Financing legal? Yes, seller financing is legal. However, there are limitations and guidelines that must be followed.…skellyagency1December 17, 2022
Should I rent or Seller Finance? With Seller Financing, you lock in a long term income stream without the need to…skellyagency1December 17, 2022
In a Seller Financing transaction, is title insurance provided? A title company is involved in a Seller Financing transaction, similar to Traditional Financing. Verification…skellyagency1December 17, 2022