Okay guys on this one we will go through the form for the third party financing so again here is the contracts one two four that we put together and now we're gonna deal with the third party financing and did them so I'll come over here to my forms and click on the third party financing addendum again remember I set this template up myself if you needed to go to the forum and find it you come over here and start typing in the information you will have to come down here and click all and then you'll see these pop-up here third party financing addendum which is this one right here and you would click it and it would pop up in this section excuse me okay so this third party financing addendum is a conventional loan I know that by the percent that they're putting down of course you would know that in the process when you're dealing with the lender and the buyer you would know what they would be doing so I would click this button here the and this one here this is for folks that are doing just one loan if they're doing two loans then you would utilize both a and B here generally you'll just be using a so the first mortgage on the principle amount of and that is the coming back here you'll find the amount on the contract here that you're financing the 380 they're not financing the 475 total price because they're putting ninety five thousand dollars down in cash so this 380 is what you will use I do in full this would be 30 years if they're doing a 30 year note if they're doing a 15 year note then you'd put 15 they're...
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Trec third party financing addendum Form: What You Should Know
Texas Real Estate Commission Third Party Financing Addendum — PDF The Third Party Financing Addendum is used when a property is refinanced through another party to provide financing that will not be included in the seller's original contract. This form Third Party Financing Addendum — TX Real Estate Commission The Third Party Financing Addendum is used when a second mortgage has been taken on the property and the additional amount being borrowed by the lender will not be included in the seller's original contract.
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