| ID: | 50056 |
| Category: | Business: Accounting |
| Preview: | |
| Title: | how does owner financing work - http://www.austinownerfinance.com/what-is-owner-financing/ |
| Description: | It varies slightly from state to state and here Texas, owner financing happens when the owner of a home leaves the existing mortgage in place (via Wrap Mortgage) or owns it free and clear and provides a new mortgage to the buyer. This is different from a conventional loan because no banks get involved and the pre-approval process can happen very quickly. Owner financing is not a new thing to the market, it only becomes popular when the banks make it difficult to qualify for a traditional loan. |
| Link Owner: | austin |
| Date Added: | May 16, 2012 02:16:52 PM |
| Number Hits: | 2 |
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| Alexa: | 0 |
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