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6th Home
Living in the Northern Virginia Area for over 30 years and in Vienna for 10, when looking for another home to buy in Vienna after my divorce, the first and only person I immediately thought of was Geoff Rowe. Why? It was obvious to me from his advertising and his listings that he catered to Vienna and knew this area like the back of his hand. He listened. He didn't waste my time. He only showed me properties that I could afford and was honest about their condition. He wasn't just out for "the sale." He helped guide me every step of the way. Not being the first home I've ever purchased but the 6th, Geoff made my transaction smooth as glass. Trust and integrity are his values. He walks the walk. I will utilize his services again when the time comes.
Barbara Carothers
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Financing Your Home >Owner Financing
If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.
Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.
Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.
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What is a VA home loan?
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| A |
The Office of Veterans Affairs guarantees small or no-down payment mortgage loans made by lenders to U.S. veterans. |
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- NUMBER1EXPERT™ 
