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Understanding The Seller Financing Process

There can be several advantages to the seller for carrying a note, as it is also known. As a contract between the owner of the property and the buyer or purchaser, a contract allows the transaction to take place for a pre-determined and specified monetary amount, in exchange for the rights to the land or home.

And while the seller of the property may charge the same interest rate that a bank would charge, it is sometimes possible for a buyer to actually end up paying a slightly lower interest rate if the seller finances the sale since more aspects of the sale are open to negotiation than may be possible when dealing with a traditional lender.

That unlike the situation with vacant land and single-family home financing in which the investor's financial strength is the most important element lenders consider, all income properties are viewed from the point of view of the property first and the investor second - homes with owner financing. For more information, please visit our website http://anyhomeownerfinancing.com/