What is Seller Financing?

What is seller financing? If you want to buy a house, what’s the first place you think of approaching to borrow money? Unless you have wealthy relatives, you probably assume a bank is your only option. However, this isn’t the only method. Seller financing is another option.

With seller financing, you ask the current homeowner/seller to let you buy the property in exchange for monthly payments plus interest instead of…

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Nelda Schulte is a freelance writer based in Calgary, Alberta, Canada who specializes in real estate.

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Nelda Schulte

Nelda Schulte

Nelda Schulte is a freelance writer based in Calgary, Alberta, Canada who specializes in real estate.

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