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Owner/Seller Financing


Mortgage Hack #13


How it works: When a home is sold through seller financing, the seller becomes the lender, which would typically be a bank or traditional mortgage lender. The note is made between the seller and buyer.



Benefit to Buyers:

Buyers benefit from the ability to purchase a home without being approved through a traditional lender, flexible terms, and lower closing costs.


Benefit to Sellers:

Seller financing can offer several benefits to the seller who owns their property outright or can pay off the remainder of their existing mortgage with a down payment from the buyer.


• Selling quicker in a buyer’s market

• Reduced closing costs

• Capital gains tax savings

• The ability to offload insurance, taxes, and maintenance


Reference: 2022 Keller Mortgage LLC


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