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Is Seller Financing the Same as Owner Financing?
Yes, they are the same.
Owner financing allows the buyer to purchase a property without relying on a bank to provide a traditional mortgage. Instead, the owner (the seller) finances the buyer to buy the property.
The buyer then pays the seller interest and principal payments, similar to bank financing.
Published: Oct 7, 2022
Updated: Aug 20, 2024
This FAQ is for informational purposes only and does not constitute legal advice. We make no representations or warranties about this FAQ's completeness, accuracy, reliability, or suitability. Each legal situation is unique; consult an attorney for personalized guidance.