Seller will carry for 30 years with a 10-year stop with 20% down with qualifying at an interest rate 1% below the prevailing conventional rate at par but not below the mandated IRS minimum*the same terms will apply with 30% down but there would be no qualifying*the IRS minimum for October is 5.09%; for example, the prevailing interest rate on October 8th is 6.25%; therefore the rate for the seller carry would be 5.25%* very motivated seller
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