Seller Financing Guides
Plain-English explanations of owner financing and creative real estate deals. General information only, not legal advice.
How Seller Financing Works: A Step-by-Step GuideHow seller (owner) financing works from offer to payoff: the documents, the money flow, typical terms, balloon payments and how to protect both sides.Seller Financing Pros and Cons for Buyers and SellersThe advantages and disadvantages of seller (owner) financing for buyers and for sellers, with the key risks and how people manage them.How to Write a Promissory Note for Seller FinancingWhat a real estate promissory note usually contains: parties, amount, interest, payment schedule, balloon, late fees, prepayment, default, and how it connects to the mortgage or deed of trust.Wraparound Mortgages Explained (With Example)How a wraparound mortgage works, a worked example of the seller's spread and yield, the risks for buyers and sellers, and how to reduce them.Due-on-Sale Clause: What It Is and the Risk in Creative FinancingWhat a due-on-sale clause is, when lenders can call a loan, the federal exceptions, and how it affects wraparounds, subject-to deals, land contracts and lease options.