If wanting to buy a home, it can be difficult. This is especially true when the buyer has poor credit. There are options available for the prospective home owner though. Seller financing is one of the best ways for someone with bad credit to attempt to purchase a home. There are numerous benefits to this method.
If the buyer has been living there prior to buying the house, there is no moving. Moving can be one of the most stressful periods in oneâs life. By choosing to buy the house that is already lived in, a stress can be relieved.
There is also more flexibility in the terms. The price is agreed on before buying the house and the terms are normally discussed prior to making the agreement. As long as it is a good deal, it is normally a go for the transaction.
Buying directly from the owner will give the buyer a chance to work on the credit rating as well. With credit rating restrictions so high with mortgages, it can be hard to find just one mortgage that has a low interest rate. When buying from More info: Seller Financed Notes