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Rent-to-Own: Alternative to Traditional Financing

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As with owner financing in general, a rent-to-own arrangement takes the bank or mortgage company out of the mix — at least initially. By dealing with the seller, you do not have to satisfy underwriting standards that form barriers to mortgages and home ownership. Credit Scores. At a minimum, you need a credit score of … Continued

For Sale by Owner: Is it Worth the Trouble?

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At one time or another, most homeowners consider a “for sale by owner” arrangement when they go to sell their home. After all, what’s not to love about it? You get to call the shots, so to speak, and more than anything else, you don’t have to pay those huge realtor commissions. But when all … Continued

Lease-Purchase Agreements: Who Benefits the Most?

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If a buyer is interested in a particular home but doesn’t have all of the down payment collected, a ​lease purchase​ might be the best bet, and it seems to offer advantages to both the seller and the buyer. Simply put, this rent-to-own agreement means the financing is done by the seller of the property … Continued

Owner Financing Offers Advantages to Both Buyer and Seller

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When you’re in the market for a new home, you’ll very likely run into homes that offer financing by the owner, but what does that really mean? Is ​owner financing​ something that you should look for, or does it only benefit the seller of the property? There are many different types of financing offered by … Continued