Developer Financing. 30% Down. Interest only at 6% for 3 Years
As well as cash and conventional financing from area banks, Amber Ranches is offering a “convenience package” as well for anyone seeking financing for North Carolina land for sale.
Terms are thirty percent of purchase price as down payment, six percent interest , a thirty year amortization schedule with a balloon payment due in three years of the unpaid balance.
Although the balance is due in three years the payments are based on a thirty year schedule. This makes the payments approximately $66.00 per 10,000 of borrowed money, keeping the monthly payment tiny.