Posted on: 04th May, 2011 10:04 pm
When I sell a home and owner-finance it, is there a limit to the amount of interest I can charge?
Hi patti!
Welcome to forums!
There is no limit to interest that you may charge. However, normally the people who owner finance properties charge the market interest rates to the buyers. Whatever rate you charge, you need to mention it in the owner finance agreement that you sign with the buyer.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
There is no limit to interest that you may charge. However, normally the people who owner finance properties charge the market interest rates to the buyers. Whatever rate you charge, you need to mention it in the owner finance agreement that you sign with the buyer.
Feel free to ask if you've further queries.
Sussane