I am looking to sell my house through owner financing and I am trying to figure out a couple of things. First the situation is that I have a current mortgage of 260,000 at 4.5% and I am looking at owner financing it to people who want to buy it for 309,000 they are going to give me a down payment for 100,000 and then will pay the 209,000 of at 6% for 15 years (1,764 a month). They will be paying insurance and property tax separately. I've been trying to figure out when I will have my mortgage paid off, assuming I only pay the amount that they give on the mortgage and then how many left over payments will there be at that point until they are payed off and the deed becomes in there name. Also any tips about for the seller when owner financing are appreciated.
Submitted October 04, 2017 at 07:03PM by Vacumn54 http://ift.tt/2fMuXG5
