Private Financing & Owner Financing

Owner / Seller financing is great way to purchase and or sell your home and is used throughout the State of Florida. Many Real Estate Companies and their agents are not familiar with this type of sale but the agents at Welcome Center Realty are experts at this type of transaction.

We have over 40 years experience in the Real Estate and Mortgage Industry in Florida.

These transactions are also known by several other names, including Seller Financing,-sale-by-owner, or FSBO financing. It is also called a Purchase Money Mortgage (PMM) in the State of Florida. It can be an excellent option for both buyer and seller creating a Win-Win situation.

Owner Financing is when all or part of the agreed upon purchase price and/ or loan amount is held by the seller along with the Mortgage and Note.  Owner financing can be used to pay for a property completely or partially.

The terms are agreed upon in the Purchase Contract.  The Seller is now also the Lender and the Buyer is now the Borrower.  At the time of closing the buyer/borrower receives the Warranty Deed, a Title Insurance Policy which Guarantees clear Tile and Ownership of the Home. The Seller/ Lender receives a Mortgage and Note. The Buyer is now the Owner of the His or Her New Home.

Often Owner Financing does NOT include bank charges, such as an appraisal fee, under writing, fess, junk fees and especially no Mortgage Broker Fees.

Welcome Center Realty, Inc. will help you find the   newest real estate listings.  Welcome Center Realty, Inc. remains one of the best real estate agencies in the South Florida area.

Please contact us today to purchase your next Home.

If you have questions , please Contact Us.

Private Mortgage Lending involves a private individual loaning their personal funds (cash, Individual retirement account monies, and so on) to a individual, family, Husband and Wife   as well as individuals  so the Lender could earn an agreed upon rate of return.  This kind of financing can provide excellent returns and low risk if organized correctly, since it is collateralized against the real property.

Every private lender has preferred transaction type and terms. The individual mortgage loan provider is taking a chance when providing a borrower with financing.  When a loan is funded, a Private Mortgage Lender collects the payments, requires Home Owners Insurance and Property Taxes paid timely   and generally services the loan in the same manner as a bank or traditional Mortgage Lender, handles the debtor relationship and repayment schedule.

Private Mortgages have a lot of advantages to debtors and investors. Investors holding private mortgages can obtain rates of interest considerably greater than standard rates provided by banking institutions, while individuals can get access to money to accomplish their real estate transactions without needing to undergo most of the ‘inconvenience’ related to traditional financing.

Basically, a Private Lender  views themselves as a mortgage company, and they screen their possible credit seekers, homes and investments properties diligently to make certain that they're investing their capital in a safe investment and have a trustworthy borrower.

 Private Mortgages Lenders generally require anywhere form 50 percent to 25 percent down or a 50 to 75 % loan-to-value (LTV).

Welcome Center Realty, Inc. is not Mortgage Broker or Lender but with over 40 years’ experience in the Florida Real Estate market, we have an extensive list of Private Lenders ready and willing to make Loans to our Clients. With a direct connect to a private lender and their representatives , Middle Man Charges and Mortgage Broker Fees are eliminated.

If you have questions , please Contact Us.