Owner Financing

Owner financing occurs when the property seller acts as the lender, allowing the buyer to pay in installments over time instead of securing a traditional mortgage from a bank. The buyer makes a down payment and then makes regular payments directly to the owner, who holds the legal title until the loan is fully paid off. This arrangement can streamline the purchase process, provide flexible terms, and help buyers who might struggle to qualify through traditional lenders. Essentially, it's a way for the seller to facilitate the sale while earning interest on the financed amount.