The History of Seller Financing


These days, most of us who are considering buying a home pretty much start the process the same way - we contact our bank or other institutional lender and apply for a mortgage loan that will allow us to borrow a rather large sum of money and pay it back over a long period of time. After considerable due diligence to determine not only our own our creditworthiness, but also the value of the property we want to buy, the bank lends us the money and we have a home. It might be hard to believe, but the home [...]