WOW! 10% Down $543 Per Month - SELLER FINANCING RENOVATED HOUSE IN WEST AKRON - THIS OFFER IS FOR DESERVING BUYERS WITH GOOD CREDIT AND A 10% DOWN PAYMENT. HOUSE IS FOR SALE AND NOT FOR RENT. We are pleased to offer 1370 Dover Ave. Akron 44320, a 3 bedroom, 1 bathroom renovated home with Seller Financing. If you have good credit, stable income and plan on living in the area for the next few years, then we encourage you to purchase the property. OUR SELLER FINANCING TERMS: Purchase Price - $49,900 10% Down Payment - $4900. Loan -$45,000 Principal and Interest payments at 8.5% for 180 months = $443.13 per month. Taxes and Insurance = $54.90 (taxes) + $45 (est. insurance) = $99.90 per month. TOTAL MONTHLY PAYMENT IS $543.03 PER MONTH. . REQUIREMENTS: 1.A minimum 620 Credit Score. 2.We will use the services of a Residential Mortgage Loan Originator (RMLO) to fill a 1003 loan application, verify that your income can support the monthly expenses, review and sign consumer protection disclosures and ensure compliance with the Dodd Frank Consumer Protection Act. 3.A title company will be hired to transfer title and to make sure there are no hidden liens against the property. Costs for these services will be a few hundreds of dollars and they can be split evenly between buyer and seller. BENEFITS OF BUYING WITH SELLER FINANCING: 1. Monthly payments are $100+ cheaper than rents. 2. Monthly payments remain fixed for the duration of the loan, while your income will most likely rise in the future. 3. No loan costs nor bank fees. 4. You are improving your credit rating by making timely payments. 5. You will get the actual deed and can deduct your interest portion of the monthly payments and deduct the property taxes from your gross income. 6. You are building equity by slowly paying down the loan and letting the property appreciate over time. 7. You can upgrade the property anyway you see fit and won't have to deal with a landlord. 8. You can sell the house when you move, recouping at least a portion of your investment. If you viewed the property in person and wanted to reserve it, a $100 Reservation Fee for 48 hours (fully credited toward the first monthly payment) will be due. QUESTIONS? please email us by clicking the link at the top of the page. We reply to inquiries and concerns IN WRITING ONLY as we want to be as fair and consistent to all prospective residents. SE HABLA ESPANOL. (RLNE4786029)
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