‘Owner Financing’ Category

Why to consider Owner Financing?

Posted on: April 14, 2011

Why would a buyer or seller want to use Owner Financing? In yesterday's post, What is Owner Financing, we examined the basics of how owner financing works. Today we will look at the advantages of this type of financing. Currently, seller financing is not very popular. Interest rates for home loans are at an all time low – roughly 5% for a 30 year fixed mortgage. That’s a low interest rate! If a buyer were comparing ... (Read more)

What is Owner Financing?

Posted on: April 13, 2011

A friend sent me an email last night asking me about owner financing. I've had quite a bit of experience with owner financing, but it made me realize that most buyers and sellers probably have not. Here are the basics:Owner financing is when the seller of the property also acts as a lender for the buyer. In essence, the seller becomes Fidelity Bank or Bank of America or whoever you were going to borrow money from to purchase ... (Read more)