Wealth-Coaching

You may be able to go to the bank and get financed easily, but owner financing is not necessarily an indicator of bad credit risks.  There are valid reasons a person with stellar credit may choose to use this alternative financing method.

1. You may already have a great deal of real estate loans and may want to avoid further mortgages.
2. Financing from the seller may be at a lower rate than a bank could offer.
3. Special arrangements can be made to make the deal more attractive, including no down payment or closing cost bonuses.
4. If you do have bad credit, this may be your only option.
5. Owner financing may also allow you to finance more property than you would qualify for at a bank.