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In my last blog on seller financing, I basically outlined the benefit to the seller. Now I want to outline some the pros and cons to the Buyer via seller/owner financing. Seller/owner financing lets people who might not be able to secure a mortgage to buy a home. A seller might OK you even if a bank or other traditional lender turned you down. You have a faster closing as there is no waiting for the bank loan officer or a legal department to process and approve your application. I am currently dealing with a lender that has yet approved my buyer and we are now in the third month. In addition, your closing costs are cheaper as you have no bank or mortgage origination fees to pay. You may even
