Can anyone tell me what it means to offer a CFD property with these terms?

katy asked:

The seller will carry financing at 7.5% interest on a 20 year amortization on a 2 year balloon. The property is being offered CFD with 10% down. Is this a good deal – I’m not sure…
The problem is that I can’t get a loan right now due to my credit score. Is a 2 year balloon like a 2 year rent to own contract?

This entry was posted on Sunday, February 7th, 2010 at 11:24 pm and is filed under Renting & Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Can anyone tell me what it means to offer a CFD property with these terms?”

godged on February 10th, 2010 at 2:58 pm

Considering you can get 6% or less at a lender, 7.5% is a great deal, for the seller.

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Can anyone tell me what it means to offer a CFD property with these terms?