OWNER CARRY AT VERY LOW RATE WITH PRE-PAYWe will be making an offer on a house owned by a senior who WANTS to carry the mortgage. I feel that the price is too high still however we could offer full price with hhim carrying the first mortgage with 10% down and maybe only 1% -2% interest rate, for the 2-3 years. To make him more comfy we could prepay the entire term. We have other funds coming to us so could put a big chunk on the home at the end of the term or pay cash. What are the negatives for the owner?June 03 2012 - Elk Grove00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.