Seller Financing Option

Oak Point Estates, LLP is pleased to offer the following revised contract for deed options to finance the sale of its Leech Lake lots.

• Interest rates between 6% and 7.5% depending upon amount of down payment and length of term. Monthly payments will be based on a 20 year amortization table.
• For lots 1, 3, 4 and 5, a 10% down payment, 3 year balloon, will get you a 6% interest rate. For 4 to 6 year balloon 6.5% rate. Submit proposed offers for owners review for all other terms.
• For lots 7 and 8, a 12% down payment. Submit proposed offer for terms.
• For lots 12, 13 and 14, a 20% down payment. Submit proposed offer for terms
• No prepayment penalty.
• Seller will provide an insurable title for buyers title insurance.

Conditions

• Buyer must agree to credit check by seller.
• No assignment of contract for deed to others without prior approval by seller.
• Buyer must agree to pay taxes, liability insurance and association dues on the property.

Restrictions During Term

• No building allowed on the lot until contract is paid in full or written approval is granted by sellers.
• No removal of living trees unless permission is granted.