Real Estate Financing Resources
Owner financing (also called seller financing or owner carry-back) occurs when the
seller of a property allows the buyer to pay all or some of the purchase price
over time. Typically, the transaction is set up as a private mortgage. Buyers can obtain a mortgage when they
might not qualify for one otherwise, and can achieve lower closing costs. Before setting up a private mortgage, it
is wise to consult with your attorney.
Choosing the right mortgage lender is as important as choosing a house. A major factor for choosing a mortgage
lender is the cost of the mortgage loan.
It is really important to look at all the costs associated with mortgage
cost. A lot of people get caught up
in just looking at the interest rate.
Mortgage loans include the quoted interest rate, points and closing
costs.
It used to be fairly easy to put a term to a lender that accurately described
them and the types of mortgages they originated. Now a days, there are a
number of different primary mortgage lenders that are described in this article.
Home Financing Options
Mortgage Loan Costs
Types of Mortgage Lenders
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