Seller Financing Insurance for Owner financed properties might appear complicated but watch this video to learn how to do it – it is simpler than you think!
If the home is owned free and clear:
Seller Financing Insurance Is written up exactly like any other sale. The main difference is that the Seller is the lender, rather than A bank or other financial institution.
Before the sale:...Read More
The Closing Documents needed to close a Seller Financing Sale are similar to those used in a traditional home sale but given Seller Financing is offered less frequently, these documents become even more important!
These documents include:
The Promissory Note
The Mortgage or Deed of Trust (depending on your state).
Watch Now to learn all about these documents and how they work...Read More
What Are Dodd Frank and SAFE?
If you are looking online for information on Seller Financing (also known as Owner Financing) you will eventually find articles about Dodd Frank and SAFE. Due to some of the banking and mortgage regulation issues and crisis’s of the last 10yrs, congress passed two sets of similar laws around a number of banking and mortgage practices. They have similar...Read More
Selling Your Home? Why Owner Financing vs. Renting is a Sound Financial Decision!
Selling your home with Owner Financing vs. Renting is a great way to create passive income without the hassles of being a landlord!
Have you ever considered renting your home instead of selling but did not like the idea of dealing with tenants or repairs? Are you currently a landlord but at the end of your...Read More
Selling your Home with Owner Financing is a great Passive Income Idea!
You can create Passive income just like a bank!
Banks make money by charging you interest for using the banks money. The interest the banks pay to depositors is far less than the interest they charge to borrowers. Did you know you can do the same thing if you sell your home with seller financing?
Offering Owner...Read More
Positioning Multiple Owner Financing Offers To Get Your Desired Financial Outcome!
One of the great things about owner financing (also called seller financing) is the flexibility and creativity that is available to both buyer and seller as they try to create a set of terms and conditions to purchase a home. You can make multiple owner financing offers to steer the buyer or seller towards...Read More
Should I buy a house?
There are many articles and opinions about whether a home should be considered an investment or an expense!
Both opinions are fair. I’ve certainly seen people buy houses that are beyond their means. These homes then become a money pit for the buyers.
On the other hand, I have also seen personal homes, bought with some planning and foresight, create significant...Read More