When purchasing a property in real estate, there are different financing options available to the buyer. The buyer may opt for conventional, self, or government finance. There are circumstances where the buyer lacks access to a traditional mortgage loan and the owner loaning becomes an option. The major advantage of the seller financing option is the quick processing time resulting from less paperwork, limited appraisals, and few or no closing costs. Another word for owner financing is to purchase money or seller financing and the key document involved is seller financing addendum. Click here to read more.
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