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Benefits of owner financing for home buyers

Posted on Tuesday, July 30th, 2013 at 4:49 pm    

When it comes to purchasing a home, there are many avenues that a person can go through in order to pay for the home. One of the most beneficial is owner financing, as it provides numerous advantages to home buyers.

Owner financing, which essentially is the seller extending credit to the buyer without involving a bank or other lender, can be extremely beneficial to both parties; however, some of the benefits that it offers to home buyers include:

  • Not having to pay fees charged by lenders, such as origination fees or underwriting charges
  • Buying a home even with poor credit. It may even help to improve a person’s score.
  • Quicker move in time, as buyers may be able to move in right after closing the transaction

If you or someone you know wants to buy a property in Austin and would like to learn more about the advantages of owner financing, speak with the real estate professionals at Easy Road Home by calling 888-405-2817. We can help you find a property to buy and better understand your payment options.