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Updated over 17 years ago,

User Stats

59
Posts
9
Votes
Mikey Cas
  • Real Estate Investor
  • New York
9
Votes |
59
Posts

seller financing land contract duration?

Mikey Cas
  • Real Estate Investor
  • New York
Posted

I am thinking about going through seler financing with a property, I feel it would be advantageous for my situation. I know it varies for every property, but is it typically the same as having a conventional mortgage, except you dont go through a bank, the payments go to the seller? Would a 30 year loan through seller financing be typical? Or do they only want payments for a few years. Thanks