How do you feel about owner financing?

There's nothing wrong with owner financing -- lots of people do it every year --but the key is to have an attorney who knows about real estate transactions to make sure that all of the paperwork -- the loan contracts, disclosures, and recording at the county level -- is in order. The attorney can also help you with the payment schedule and disclosures and such.

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Keith Gumbinger
Keith Gumbinger
Mortgage Expert
Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
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Q: Does mortgage insurance assist the survivors of a deceased policy holder?
APR 08, 2025
A:

Credit life insurance is sold to homeowners as a means to pay off the mortgage in the event of the death of the homeowner.

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Q: I don't have a Social Security number. Can I get a mortgage?
MAR 31, 2025
A:

Fannie Mae states they do back loans for borrowers who have no Social Security number.

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Q: Will I pay an ACA/ObamaCare tax when I sell my home?
JAN 17, 2025
A:

Some homeowners will pay this 3.8 percent tax when they sell their homes, but only if they meet certain conditions.

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