Posted by Michael Morrongiello on August 01, 2003 at 16:44:52:
Sure in the world of Owner financing there is no such thing as a “standard” Mortgage. It really can be free form financing at its best.
Low initial interest rate then Esclalting interest rates… Defferred payments, quarterly payments, semi annual payments, annual payments, pre set payment “bumps”, etc. …ALL are part of the owner financed world.
So depending on your overall credit profile, credit scores, what you are putting at risk, the collateral itsel, etc. it may be very feasible to structure a deal with the property seller that allows for it to work for you and for that seller.
To your success,