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Updated over 7 years ago on . Most recent reply
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Owner Finance - Looking for a lender
Hello Community, I have a question if someone has suggestions I will really appreciate it.
I have a client whom is trying sell a house he bought and completely remodeled with his own money. He is considering selling it via owner finance, however, he wants to do a cash-out refinance first. Is there a bank or lender out there that will allow him to refinance the home and subsequently owner finance it to a buyer?
Please advise.
Thanks
Most Popular Reply
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It is so much easier and cleaner if you just sell outright and let the buyer get their own loan. Seller is done with it, gets his cash back and buyer is getting a 30 year mortgage. Over and done with.