Casa Linda will provide vendor financing for your new villa with the following downpayments and rates:
- 60% down 4.7%
- 70% down 1.9%
- 80% down 0.9%
You have the choice of making regular monthly mortgage payments yourself, or using rental income generated from your villa to make the payments. You can pay off your mortgage without penalty at any time.
USING RENTAL INCOME TO PAY THE MORTGAGE:
This is a special program implemented by Casa Linda to assist buyers with the costs of purchasing. Casa Linda has a robust rental program with high occupancy rates. Income earned from your villa will be used to pay monthly mortgage costs as well as monthly expenses for the villa. You will have use of your villa as outlined above, and can certainly rent it back from Casa Linda should you want more time.