Seller Financing: What Is It And How Does It Work? Story

Seller Financing: What Is It And How Does It Work?

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[{"selector":"#anim-e6d642c7-1615-475f-a3fc-6d4a7f6caf1e","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-adf717c2-fc38-4fd5-8d43-f07fb1696328","keyframes":{"transform":["translate3d(0px, -386.95946%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Are you looking for a way to get into the real estate market? Seller financing could be an option if you have less than stellar credit and want to buy a primary home. Learn more

Seller financing is also a great way to start real estate investing. With seller financing, you can buy a property without going through a bank. It allows you to enter the market sooner and start building property equity immediately.

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What Is Seller Financing?

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Seller financing turns the seller of the property into a lender as well. It can dramatically offer a wide array of mortgage and interest payment options.

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What Are Typical Terms for Seller Financing?

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Because there is more credit risk for the seller, interest rates are often higher for seller financing than for bank financing.

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Furthermore, there is often the potential issue of a balloon payment. A balloon payment is a massive payment due after a certain period.

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