Understanding Seller / Owner Financing: Definition, Benefits & Example
Wednesday, August 23
Owner financing, also known as seller financing, is a unique arrangement where a property seller permits the buyer to make payments over an extended period to complete the purchase. This alternative financing method can either substitute a traditional bank loan or complement a conventional mortga...
Cashing Out: How to quickly get cash for your mortgage note
Monday, November 04
Today, more people selling their properties have discovered that using seller take-back financing can help them sell their properties more quickly and in many cases, for a lot more money. They have learned that using this powerful technique has many benefits for both sellers and...
Seller Financing: Money For Your Property
Monday, October 14
If you're like most people selling a property, than you want to get as much money for it as possible. Regardless of whether you're planning to sell it yourself or to work with a real estate professional, seller take-back financing is a surefire strategy that can help you sell your prope...
Disadvantages to Owner Financing
Tuesday, September 10
What’s old is new again and the credit crisis, struggling economy, and declining real estate market are making seller financing the come back kid. Offering to owner finance a property can attract buyers and even save transactions as banks increasingly stamp “DECLINED” o...
Should I Owner Finance a Second Mortgage?
Thursday, August 01
More and more sellers are being asked to carry back a second mortgage for the buyer – especially with the banks still keeping a pretty tight reign on lending. While seller financing can be a viable alternative to bank loans when it is the buyer’s primary obligation or first lien, a second lien h...
Frequently Asked Questions
Tuesday, July 02
Why Owner Financing? What is a note? Owner financing is on the rise with more sellers agreeing to accept payments from buyers. There are many reasons people agree to take back a note, deed of trust, mortgage or contract including: Quick sale of the property Monthly income from the ...