Why would a seller allow a buyer to make payments over time for the purchase of property? Here are five reasons sellers consider financing property rather than requiring the buyer to obtain a bank loan. … [Read more...] about 5 Reasons Sellers Offer Owner Financing
Seller financed sale
"So if I sell my private mortgage note, what changes for the Payer?" This is a common question with a simple answer. Nothing changes for the payer except where they mail the payment. When a note is sold, the terms of the note remain the same. The payment amount, interest rate, and due dates remain the same. If there is a balloon payment or “bump” payments, they also remain … [Read more...] about What Changes for the Payer?