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Mortgage Professionals, Inc.
YOUR PROFFESIONAL MORTGAGE TEAM For your most challenging Financing, Steve Chaney delivers! Mortgage Professionals, Inc is a state Licensed Mortgage Lender offering a broad range of highly competitive Mortgage Products and an Exceptional Team for a Simplified Closing.
---- FHA/VA Financing
---- Construction Loan Financing
---- Residential Mortgage Financing
---- B-C Credit Loans
---- Equity Lines
---- 2nd Mortgages
---- Conforming Mortgages
---- JUMBO Mortgages
---- No Income / No Ratio Loans
---- Commercial Loans CONSULTATION – We offer many value added services. Our consultation includes Pre-qualification, Credit Reports and Payment / Closing information at no charge. An analysis of Insurance, Property Appraisal / Valuation and Inspection Loan comparisons are provided. PRE-QUALIFICATION – An in-depth look at Assets / Liabilities, Income and Cash requirements. This enables you to gain insight into the type and amount of loan for which to qualify and secondly, to ensure that there are no surprises at Closing. Qualification advice is provided to optimize Credit and Income.
Steve Chaney, President/Owner
(954) 801-0765 Cellular
(954) 566-0506 Office
(954) 566-7845 Fax
Steve@MPILoans.com
1513 NE 26 Street
Wilton Manors, FL 33305
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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| Q |
What does the common acronym FSBO (pronounced fizzbo) stand for?
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| A |
For Sale By Owner. (Between 85 to 95% of existing homes are sold with a Realtor's help.)
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- NUMBER1EXPERT™ 
