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WHAT IS SELLING FINANCING?
Also known as a seller carry back, it is an agreement in which the owner or seller of the home provides the financing, allowing the buyer to pay all or some of the purchase price over time. This is generally done as a private home mortgage. Seller financing gives home buyers the chance to obtain a mortgage that they might not otherwise qualify for and generally with lower closing costs. For the seller, it means an opportunity to attract a larger number of interested buyers and to overcome any problems with valuation of the property.
What is a Loan that Originated in a Portfolio?
What is the "Secondary Market"?
What Kind of Documents are Required for a Loan?
What is a Credit Check and Who Performs Them?
What Does a Lender Have to Disclose to You by Law?
What is PITI?
Why Do I Need Private Mortgage Insurance (PMI)?
Where Do I Get Private Mortgage Insurance (PMI)?
What is an Interest-Only Loan?
What are the Limits on FHA Loans?
What Is Seller Financing?
What are the Primary Institutions of Money and Mortgages?
What is the Advantage of Using a Broker for my Home Loan?
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