Buy, Don't Rent, When You Can Afford the Down Payment
Published Thursday, April 20, 2006 by Money Man Mike.
A buyer benefits from this appreciation because the purchase price of the home is locked in on the day the buyer signed the rent-to-own contract with the seller. * In most agreements, the seller allows a portion of the rent to be applied towards the purchase price, which some lenders consider to be part of the down payment.
Tagged: mortgage
Preparation Essential to Successfully Selling Business Notes
Published by Money Man Mike.
Some business note buyers may accept a balloon if it can be amortized within 24 months using the same monthly payment used to pay the note. The agreement, which doesn't become part of the public record, simply documents what the tangible assets are at the time of the business sale. You should receive the proceeds from the sale within several weeks.
Tagged: mortgage
