Owner Financing Details

http://www.johnalexanderhome.com/Level2/Updates.html Link to the member's Training Call on how to structure owner carried notes that we will buy at closing. Doc's required etc are taught in the call. Below is a highlight of a typical structure.

Suggested Owner Carried Note Structure:

$300,000 maximum note amount

Down Payment: 5% (can be gifted through Ameridream or other DPA program)

Loan Amount 95%

Term: 30 Year Fixed

No Balloon

Interest Rate: Determined on approval (range 9.9% goes down to 4.5%)

Note purchased at a 13% discount normally