Is Owner Financing Your Home the Smartest Move?
Deciding to sell your home can feel overwhelming, especially when you want to maximize profit and close quickly. One strategy gaining popularity is owner financing (also known as seller financing). But is it right for you? Let's discuss how it works, when to consider it, and the key factors every seller should weigh. Why Buyers Ask for Owner Financing Most buyers secure a mortgage through a bank or credit union. When a prospective purchaser requests you to carry their loan, ask yourself: Credit Constraints: Do they lack sufficient credit history or have a low credit score? Down Payment Challenges: Are…