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What is Seller Financing?

With seller financing, the buyer makes a sizeable down payment and agrees to pay the seller directly every month.

Also known as a purchase money mortgage, seller financing is when the seller agrees to "lend" money to the buyer to purchase and close on the seller's home. Seller financing differs from a traditional loan because, unlike the lender, the seller does not actually give the buyer cash to complete the purchase. Read More Here 

 

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