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Question 1
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How does your Seller Financing Program work?
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Instead of going to a bank, New Beginning Homes LLC provides your financing under a Land Contract Agreement, thus avoiding
some of the more strict qualifying standards used by banks today. We typically provide financing for up to 5 years,
and work with you during this time to help you obtain longer term bank financing. (Refer to our "Seller Financing"
page for more information).
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Question 2
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In your Seller Financing Program, who receives the tax deduction for interest payments
and property tax payments?
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You do. Depending on your income, this can greatly reduce your overall tax burden,
and can increase your annual tax refund.
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Question 3
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During the seller-financed term, can I make changes or improvements
to the house?
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You will have legal control of the property, and can make
any changes you desire, subject to local building codes.
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