All Forum Posts by: George Love

Thanks Kevin! Thanks James! And all the best to yall!

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!