Why Should I Seller Finance ?  ^Top^

Today with such a large inventory of homes for sale and fewer buyers because of higher prices, more sellers are finding that Seller Financing can sweeten the pot when offering their home for sale. Seller Financing has been an investment tool for Real Estate Investors as long as there has been Real Estate. The reason it has been such a valuable tool is that the Investor not only makes a profit on the property that has been purchased and resold, but also on the money loaned to the purchaser. Seller Financing also provides buyers with less requirements to purchase a home, making the buyer pool for the Investor larger, which shortens the days on the market for sale. Closing costs are usually less expensive and the time to close is usually shorter. Since this strategy is profitable for professional home sellers, it also holds true for individual homeowners as well. For details in depth on this topic, please download our FREE E-Book, the Note Owner's Manual, A Guide to Seller Financing.

How Do I Structure a Seller Financed Note ?^Top^

Depending on market conditions this topic has many variables. However, when it comes to the basics there are some hard and fast rules that need to be adhered to. Some of the obvious initial considerations need to be the borrower's ability to pay. This means checking their credit history, employment history, cash available, assets etc. You must first understand the borrowers ability to pay before the note can be structured. Every Real Estate note, similar to a savings bond or lottery winnings, has a marketable value. The number of payments, the interest rate, the payment amount, the Loan to Value (LTV) ratio, and the borrower's ability to pay, will determine the value of the new note if it is ever to be sold for cash. For and in-depth look at this topic please download our FREE E-Book, the Note Owner's Manual, A Guide to Seller Financing.

Selling a Mortgage for Cash   ^Top^

If you are receiving payments on a first or second mortgage (seller financed mortgage), we would be interested in purchasing your note. And if we're not, we typically have investors who usually will. Many times owners who have taken back a second mortgage to get a higher price for their home or to make a deal go through that otherwise wouldn't, are unaware that they can sell these notes.

We understand that needs change over time. Maybe you have unexpected circumstances or just want to take that dream vacation now instead of putting it off any longer. Maybe you need funds for that college tuition you've been saving for. Maybe you're wondering if you can count on the payor, whether the payments will continue. Whatever the reason, we can help you get cash now, when you need it.

Baran Realty is a complete, full service Real Estate Business able to meet all of your Real Estate needs. Please give Ken a call if you have any questions about selling your Real Estate Note at 954-461-0606.

Getting a Home Loan

Today getting financing for the purchase of a home, condo or even investment properties, has never been easier. Today's rates and requirements have never been more accommodating to the borrower than ever before in history. Besides being a Licensed Real Estate Broker, Ken Baran is also a Florida Licensed Mortgage Broker and offers competitive rates on any Real Estate Financing, making your time spent with Ken more convenient because you won't have to search to find a mortgage broker or bank for your home financing. The same competent help and advice Ken gives you to find the right home is also available for your financing as well.

With all the different types of loans available today (and at times confusing), Ken can help you find a loan that specifically fits your new home and your financial circumstances today. And the nice thing is that after working with Ken to find a home, you won't have to start over with someone new for your financing. Your financing can just be a continuation of what you have already begun. We also have a Mortgage Pamphlet from the Federal Reserve that has examples and explanations of various loans. Since Ken already understands your Real Estate needs in finding a home, the financing is just the next step in the process.

If you're interested in refinancing your home, getting a sub-prime equity line, or you hold a Real Estate note you would like to sell (see below) just give Ken a call and he can help you with all your financial needs.

If you have an adjustable rate mortgage on your home that is probably going to go up in the near future, give Ken a call to give you some options as to how to keep your payments down. There are many new loans available today that have been designed for this very purpose. Many homeowners would be well advised to research their options in acquiring a new loan that would be beneficial to their financial situation.

If your home has appreciated and you feel that you would like to cash in on some of that equity, give Ken a call to see just how much cash you can put into your pocket. At no other time in history have there been more homeowners taking advantage of the refinancing programs that are available today. With interest rates still historically low, don't miss out on an opportunity to take advantage of that newly acquired equity in your home.

With new long term fixed rate mortgages amortized over 40 years many of those who have enjoyed low payments on adjustable rate mortgages for a short period of time and are now starting to go up, refinancing is the logical option.

One of the most common reasons that borrowers frequently choose to work with a Mortgage Broker is that Mortgage Brokers are not limited in what type of loan programs that they can find to meet your needs. Any honest Bank Loan Originator will tell you that they are constrained to only what their specific bank has to offer you. That means for a borrower to achieve the best loan program that fits their specific needs, they would have to drive to one bank after another and sit down with a loan officer, whenever they are available, and start all over again with their financing needs.

How specific are each borrowers needs? Each borrower is unique in spite of the fact that they each want something similar. They want to buy a house, simple as that. They want to refinance a home, no problem. But one borrower has bad credit, one has good, and one has so-so credit. Each different loan program has minimum credit scores as it's first requirement. Then each borrower has different employment. One has a new job, one has an old job, one is self-employed, and one is out of work. One borrower has debt and another has assets. Each borrower is unique.

Working with a Mortgage Broker can streamline your search for the loan that meets your needs. Mortgage Brokers work with many different banks and get wholesale rates on home loans because of volume. This savings pays the broker's fee and can many times be partially passed on to the borrower. Please give Ken a call with your questions.

Buying a Mortgage for an Investment   ^Top^

For many years the Private Seller Financed Note Market has been a relatively untapped investment resource. Ask Ken for more information if you have an interest in making 10% and up yield on an investment secured by Real Estate. Investments range from $25K and up.

Being in the Real Estate Business for many years, Ken runs into home sellers who many times have taken back seller financing to get a higher price for their home or to help a purchaser get complete financing. As a result, many of these sellers would rather have cash instead of payments. This presents an opportunity for the savvy Real Estate Investor, because many of these sellers will sell their Real Estate Notes at a discount (*time value of money), which in turn raises the yield on the investment substantially.

If you have an interest in making more money on your investments and have them secured by Real Estate, give Ken a call at 954-461-0606.

* Time value of money, i.e.: dollars today are worth more than future dollars. (dollars tomorrow)
* Example: You can purchase a $100 savings bond for $50 today.