Shamrock Point Investments, Inc

Share this article:

How Owner Financing Works With Shamrock Point Investments, Inc

How Owner Financing Works With Shamrock Point Investments, Inc

If you’re looking to buy land, you may have heard about owner financing. It’s a popular option for many land buyers, but it can be confusing to understand how it works and why you might want to consider it. In this blog post, we’ll explain how owner financing works with us - Shamrock Point Investments, Inc and why it might be a great option for you.

What Is Owner Financing?

First, let’s start with a definition. Owner financing is when the owner of a property provides financing to the buyer instead of the buyer obtaining financing from a traditional lender such as a bank. This means that the buyer makes payments directly to the owner instead of a bank or mortgage lender.

At Shamrock Point Investments, Inc, we offer owner financing for our land buyers on nearly all of our vacant land inventory. We can hold the mortgage for as short a period as 12 months, and usually no longer than 10 years (but occasionally we will stretch to 12 or 15 years). The payment schedule is monthly and can be adjusted to fit the preferences of the buyer. It’s important to note that there is no pre-payment penalty for paying off the mortgage early.

Why Owner Finance With Shamrock Point Investments, Inc?

There are several reasons why you might want to consider owner financing with Shamrock Point Investments, Inc. The first advantage is that we are flexible with credit checks. Yes, sometimes we may pull ones credit, or we may have you pull your own through free online verification avenues. Additionally, a poor or low credit score is not a complete show stopper with us, which can sometimes put a buyer at a disadvantage when going through a traditional mortgage lender who enforces strict guidelines. Moreover, we have flexible payment terms which allows buyers to prioritize what works for them which in turn makes payments more affordable and realistic.

Another advantage of owner financing with Shamrock Point Investments, Inc is that we can be more flexible with property boundaries and permit restrictions. For example, if you want to make improvements on a property that has some permit restrictions, that may be difficult or impossible with a traditional mortgage lender. But with owner financing, we can work with you to see what is possible and make the necessary adjustments to accommodate your plans.

Build Equity Faster

Lastly, owner financing can be a great way to build equity in the property quickly. When you make payments directly to the owner, you are building equity in the property faster than you would with a traditional mortgage lender, mostly because our monthly terms are shorter. And because there is no pre-payment penalty, you can pay off the mortgage faster if you choose to do so.

We hope this blog post has helped you understand how owner financing works with Shamrock Point Investments, Inc. With flexible payment terms, working with our buyers on credit checks, and the ability to be more flexible with property boundaries and permit restrictions along with flexible payment terms – it can be a great option for land buyers who want to avoid the obstacles that come with traditional mortgage lending. If you have any questions about owner financing or want to learn more about the land that we have available for sale, please contact us at 619-685-9642. We would be happy to help you find the land of your dreams.

P.S.  If you want to access our most up to date vacant land inventory - nearly all of which we offer seller financing on - then put your name and information in the box to the right, or below this post.  Thanks for stopping by!

Down Red Arrow

Enter Your Name and Email To Get Access To Our Current Land Inventory!

Share this article:

Sign Up and Subscribe to get our most up-to-date vacant land lot listings!

Logo Larger

Copyright © 2024 All Rights Reserved.

Leave a Comment