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Updated over 7 years ago on . Most recent reply

Owner Finance - Looking for a lender
Hello Community, I have a question if someone has suggestions I will really appreciate it.
I have a client whom is trying sell a house he bought and completely remodeled with his own money. He is considering selling it via owner finance, however, he wants to do a cash-out refinance first. Is there a bank or lender out there that will allow him to refinance the home and subsequently owner finance it to a buyer?
Please advise.
Thanks
Most Popular Reply

It is so much easier and cleaner if you just sell outright and let the buyer get their own loan. Seller is done with it, gets his cash back and buyer is getting a 30 year mortgage. Over and done with.