When you are planning to buy property, dealing with financial institutions can be a hassle. This is one of the reasons why some people prefer to go in for seller financing. This is useful for first time investors as well as those who have been turned away by traditional financial institutions. The interest rates are also lower and one can sell or get the property refinanced at will. There are a number of sellers who have made seller financing a kind of standardized and common process, as they take into consideration the 30 year fixed rate and give it out along with a spread on Phoenix investment property.
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