Friday, May 18, 2012
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Buyers   »   Financing Options    

 

 

Michael Davenport
800-801-7861 Toll Free
252-441-8011 Office

252-202-6113 Cell
MichaelDavenport@SunRealtyNC.Com

 

 

Kill Devil Hills
1500 South Croatan Highway
252-441-8011
800-801-7861

 

  

 

 

Michael Davenport
800-801-7861 Toll Free
252-441-8011 Office

252-202-6113 Cell
MichaelDavenport@SunRealtyNC.Com

 

 

Kill Devil Hills
1500 South Croatan Highway
252-441-8011
800-801-7861

 

  
  • Prequalifying
    The first step to prequalification is to contact a lender in your local area or drop by any of our financial institutions during your next visit to the Outer Banks. Knowing in advance how much you can afford will help alleviate a lot of stress during your search and it adds a sense of security for the seller when an offer is presented.  Let your REALTOR® guide you to the most knowledgeable lenders in our market. 
  • Owner Financing
    Owner financing is rare but available. Some owners are willing to actively participate in the financing of the home for the buyers.  Owner financing usually involves balloon payments.
  • Investor loan vs. Second home loan
    The main determining factor between an investor loan and a second home loan is whether the property will be rented out.  If the property is rented out for any period of time, it is considered an investment property. Traditionally, interest paid on a vacation home (investment property) is tax deductible.  Contact your financial advisor for more information. 
  • Prequalifying
    The first step to prequalification is to contact a lender in your local area or drop by any of our financial institutions during your next visit to the Outer Banks. Knowing in advance how much you can afford will help alleviate a lot of stress during your search and it adds a sense of security for the seller when an offer is presented.  Let your REALTOR® guide you to the most knowledgeable lenders in our market. 
  • Owner Financing
    Owner financing is rare but available. Some owners are willing to actively participate in the financing of the home for the buyers.  Owner financing usually involves balloon payments.
  • Investor loan vs. Second home loan
    The main determining factor between an investor loan and a second home loan is whether the property will be rented out.  If the property is rented out for any period of time, it is considered an investment property. Traditionally, interest paid on a vacation home (investment property) is tax deductible.  Contact your financial advisor for more information. 

Michael Davenport - Sun Realty 1500 S. Croatan Hwy.Kill Devil Hills, NC 2948
Phone: 252-441-8011 | Toll Free: 800-801-7861x234 | Mobile: (252) 202-6113 Email: MichaelDavenport@SunRealtyNC.com| Fax: 252-441-7184     

Michael Davenport - Sun Realty 1500 S. Croatan Hwy.Kill Devil Hills, NC 2948
Phone: 252-441-8011 | Toll Free: 800-801-7861x234 | Mobile: (252) 202-6113 Email: MichaelDavenport@SunRealtyNC.com| Fax: 252-441-7184     

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