B&b Buy Here — Pay Here

: Instead of a bank providing a mortgage, the person selling the B&B acts as the lender.

: Many seller-financed deals are short-term (e.g., 5 years). At the end of the term, a "balloon payment" for the remaining balance is due, usually requiring the buyer to refinance with a bank at that point. b&b buy here pay here

: Ensure the loan is publicly recorded to protect both parties' interests. : Instead of a bank providing a mortgage,

: Buyers and sellers can negotiate their own interest rates, down payments, and schedules without rigid bank rules. 3. Key Financial Considerations : Ensure the loan is publicly recorded to

: If you can't refinance when the balloon payment is due, you could lose the property and all the equity you've paid in.

: Sellers often charge 1–3% more than current market mortgage rates to compensate for the risk of not being a bank.

: You make your "mortgage" payments directly to the former owner rather than a financial institution.