Updated over 4 years ago on . Most recent reply
Creative Seller Financing question
Hello everyone. My name is George and this is my first Post!!
I am buying a property with Seller Financing. Property is free and clear. Purchase price is $100,000. Down payment is $10,000 and Seller will finance $90,000 @ %6 interest for 5 years, with a balloon payment of the remaining mortgage at the end of the 5 years. HERE IS MY QUESTION....At the end of the 5 years, can i go to a bank and refinance the property to pay off the Seller? I will be on Title. Thanks yall!