Nashville Real Estate Blog - Blog Archive: July, 2016

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July 2016

Found 2 blog entries for July 2016.

Seller Financing Pros & Cons When selling a home, financing is usually something that is entirely the buyer's responsibility. The seller collects a check or receives a wire after the loan goes through and all the fees are paid. However, adventurous sellers who are open to alternative finance options may wish to explore seller-financing.

What is seller financing and how does it work? If you have a strong buyer who nonetheless does not have access to traditional financing, there can be distinct advantages to financing them yourself. You just need to be sure that you can, or want to, deal with the potential drawbacks of this unusual finance option.

Here we highlight some of the potential pros and cons of offering seller-financing.

Please note the below is for

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15 vs. 30 year MortgagesWith today's low interest rates, does it make sense to build equity fast or try to pay off a mortgage?

Is it better to sign for a longer term and then pay additional principal each month? What is the best strategy for building a secure future?

Burning the Mortgage -- An Outdated Goal?

There was a time, not so terribly long ago, when the goal of every homeowner was to have a "burn the mortgage" celebration. But that was when buying a home seemed more like an end goal than home ownership is today. That was also during a time when having the security of a home for old age and future generations was simply "what was done."

Today, owning a home "free and clear," is almost a negative, because it requires cash reserves for taxes and insurance,

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