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Buying a house without the bank

Credits are so tight right now, that homeowners and buyers are reviving an old tactic of "Seller Financing". These kind of deals were so popular in 1980s when mortgage rates hit double digits, the seller and buyer agree on a payment schedule, with no bank involved.This technique its very logical, but you should know about some important points about this deal like down payment and interest rates

Author - Chapo
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1 Comment:

Diet Cleanse said...

Seller financing is a great way to get into a house. A small 2nd from the owner, lease option, land contact, all good creative ways to buy real estate.

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