For your consideration: Our observations regarding What's holding back the housing market?
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.
The owner of the loan is most often the "investor" -- the entity who put up the actual funds to make your mortgage happen.
Read MoreThis question used to have a simple answer, since there was a "bright line" definition -- the conforming loan limit....
Read MoreSimply put, a "conforming" mortgage "conforms" to a set of standards so that the loan can be eligible to be sold to Fannie Mae or Freddie Mac.
Read More
