U.K. Competition and Markets Authority Gives Provisional “Go Ahead” to PayPal’s 2.2bn Acquisition of iZettle

PayPal’s deal to take over iZettle is nearing a close. The payment giant is set to finalize the deal now that the U.K.’s competition regulator changed its stand on the $2.2 billion More »

Auto Financing

You shouldn’t have to allow a bad credit rating to ruin your financial life and prevent you from getting the car you need to visit family, commute to work and safely get More »

Are You Ready to Obtain Aircraft Financing

If you’re interested in purchasing an aircraft whether it be for personal or commercial reasons, you’ll of course need to know a little bit about the aircraft financing process. Take the following More »

A Business Flyer’s Guide to Aircraft Financing

It’s nice to know that you have options with regards to flying a plane especially if you travel extensively. What is the best route for you to go financially? There are a More »

Pay Later With Boat Finance

Previously, when boating didn’t have such popularity as it holds in this day and age, it was much more complicated to find a person or organization that would facilitate you a boat More »

Owner Financing Assistance

The local real estate market may not look bad compared to many harder-hit locations in nation, but if you find yourself waiting a lot longer to find a buyer for your home, then it may be time to offer owner financing assistance. Owner financing can be offered to a potential buyer and help you move your property much faster in a sluggish market. It sounds pretty simple, but in reality it requires a thorough understanding of the risks.

Before you can put the offer on the table for owner financing assistance, it is important to protect yourself both legally and financially. This starts by doing a thorough review of the buyer’s personal background, including their financial assets and employment records, references, credit scores, and other relevant information. There is no reason why you shouldn’t perform as rigorous a review of the potential buyer’s qualifications as any other financial institution would.

Secondly, when offering owner financing assistance, the purchase contract must be very carefully prepared, including the details of the owner-financing loan. Be sure to include a “deed-in-lieu-of-foreclosure” clause in the contract, as well as the amount, interest rate and specific terms of the loan. This way,