Advantages and Disadvantages of Owner Financing
There are a lot of different types of owner financing. Some of the more common are wraparound, lease options, and contract for deed. Each has their own advantages and disadvantages. While owner financing isn’t usually used in every situation, it does offer a potential win-win for both parties. The biggest advantage to owner financing is that it’s often easier to qualify for than a conventional bank loan. Sellers who want to sell their home fast may consider this option. It also allows them to keep