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Asking a seller to effectively lend you money to buy their home isn't something most homeowners, or even their listing agents , usually consider. But owner financing is definitely a viable option for a seller whose home isn't selling , or for a buyer who's having trouble with traditional lender guidelines. Also known as "seller financing," it's especially popular when the local real estate scene is a buyer's market. Owner or seller financing means that the current homeowner puts up part or all of the money required to buy a property. In other words, the buyer borrows the money from the seller instead of taking out a mortgage with an conventional lender. Buyers can completely finance a purchase in this way, or they can combine a loan from the seller with one from a bank. It doesn't matter if the property has an existing mortgage against it, although the homeowner's lender might accelerate the loan or call it immediately due upon sale due to an alienation clause.
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Pay someone to do finance homework

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