About Seller Mortgage
A Seller Mortgage is a private mortgage between a homeowner and a homebuyer. (And if you happen to be related to the other party, you’re in luck. Check out our Family Mortgage.) In any case, the homeowner sells the house but keeps a lien on it, and the buyer makes payments until the mortgage is paid off. Okay? Maybe that was a little confusing. Let’s talk about it another way.
Let’s call the seller of the house Bill and the buyer Sarah. Bill and Sarah use our Seller Mortgage that allows Sarah to pay for the house over time. They agree on an interest rate and repayment schedule. Sarah’s monthly payments go directly to Bill, rather than a bank. Bill is happy because he gets a buyer, and a steady stream of secured income. Sarah is happy because she gets the house of her dreams without the hassle of a bank mortgage. And we’re happy because you’re happy.
We make seller financing an easy and affordable alternative. And we’ll be with you the whole way to give you advice on stuff like interest rates and schedules. That’s what we do best.