Posted by L.T(MI) on April 04, 2003 at 08:10:20:
Are you the seller? If you are then typically you would want to recieve some kind of return to cover that 5.5% say at 7 1/2 or even 8%. That may look good to your buyer who can’t qualify at a bank the conventional way. This way your helping someone get into a home, you have a cashflow going “INTO YOUR POCKETS” montly, not coming out and you just feel dang good.
Hopes this helps!!
P.S email me, maybe we can do some business.