10/28/08

Some Home Sellers Can Be Lenders Too

It's much harder to get a mortgage today than it was a couple of years ago. That's why some home sellers are stepping in and financing deals on their own. The concept of owner financing isn't new, though it wasn't as popular when mortgage money was easier and cheaper to come by through traditional lenders. But in today's tough real estate markets, being able to finance the sale of your home can give a seller an edge. Chicago Tribune