Seller financing program

Closely related to and more beneficial than the seller-second mortgage discussed above is a full seller financing.

If the seller is willing, the buyer can arrange to purchase the property with the seller carrying the entire mortgage, usually in the form of a balloon loan. After 12 months of seasoning, and sometimes even sooner than that, the buyer can then refinance the seller's mortgage with a new, conventional mortgage loan.

The seller gets the proceeds; the buyer is able to purchase the property with practically no down payment. For more information, please consult the "Seller Financing Options" article.

Was this article helpful?

0 0
Real Estate Planning And Prosperity

Real Estate Planning And Prosperity

Entrepreneurs go against the flow. You've a business idea. Lots of individuals have business themes. The difference is that you, the entrepreneur, take action. Realty investors are the same.

Get My Free Ebook


Post a comment