Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho November 1, 2019

What Is Owner Financing When Buying A Home?

There are many options when it comes to taking out a loan on a new home. One of the options that people might have heard about is called owner financing. In general, the property owner takes the place of a traditional lender. Instead of someone taking out of a loan from a bank or a credit union, they take out a loan from the owner of the property. Similar to a traditional loan, the buyer will make payments to the seller over a period of time with a certain interest rate. The Structure Of Owner … [Read more...]

Filed Under: Mortgage Tagged With: Financing, Homeownership, Mortgage

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