Grant Trevithick Real Estate Pro Tips

Grant Trevithick here to talk about how the process of owner finance actually works. I have been doing real estate in Carrollton, Dallas, Fort Worth, and all through-out Texas and I have come to realize that most people are not familiar with how owner finance actually works. I thought I would take some time and give a brief run down of the process. Owner financing is a financing arrangement in which the seller of a property provides part or all of the financing to the buyer. This type of arrangement is sometimes called seller financing or seller carryback. Here is a brief overview of the process of owner financing: The buyer and seller agree to an owner financing arrangement. This can be part of the purchase contract for the property. The seller provides the financing for the property, either in the form of a mortgage or a promissory note. The terms of the financing, such as the interest rate and repayment schedule, are agreed upon by the buyer and seller. The buyer makes monthly payme...

  In the world of real estate, innovative financing options have emerged to make homeownership more accessible and mutually beneficial for both buyers and sellers. One such method gaining popularity is subject-to financing. In this article, we will delve into what subject-to financing entails and explore the benefits it offers to buyers and sellers alike. Let's embark on an optimistic journey that illuminates the possibilities of this empowering financing approach. What is Subject-To Financing? Subject-to financing is a creative real estate arrangement where the buyer acquires a property "subject to" the existing mortgage, taking over the responsibility for payments while leaving the loan in the seller's name. This method allows buyers to bypass traditional mortgage processes, making it an appealing alternative for those facing credit challenges or seeking faster transactions. Benefits for Buyers: Flexible Qualification: Subject-to financing provides an opportunity fo...