Land Contract Homes in Michigan Free Listings

In some cases, the seller of the house is willing to rent out the property until it is repaid in full, and this is usually the most common form of land contract structures. However, land contracts are on a case-by-case basis and depend on the agreement of the seller and the buyer on the terms. For more information and to see what is available on the market, do not hesitate to contact us. Land contracts are seller-funded properties in which you own the property and pay the monthly payments to the seller until the balance is repaid. The land contract allows you to own your home while repairing your loan to refinance at a lower interest rate if a lump sum payment is required. The phone number is the best way to get in touch so we can establish a 1on1 relationship and help us understand what your property needs and which land contract is best for you. What is needed for a land contract is about 10-30% for the house and a monthly payment that allows you to repay the house or a balloon structure that allows you to refinance yourself through more conventional means and ideally at a lower interest rate. .